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You just purchased a bond that has a face value of $1,000, matures in seven years and pays you a coupon rate of 9.50%. These
You just purchased a bond that has a face value of $1,000, matures in seven years and pays you a coupon rate of 9.50%. These coupons are paid at a semi-annual frequency and the yield to maturity on this bond is 9.30%. The price that you paid for this bond equals:
A. $1,010.12
B. $772.92
C. $1,075.80
D. $922.77
E. $1077.22
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