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Question
A bond is scheduled to mature in five years. Its coupon rate is 9 percent with interest paid annually. This $1,000 par value bond carries a yield to maturity of 10 percent.
What is the bond's current market price?
A. $962.09.
B. $961.39.
C. $1,000.
D. $1,038.90.
E. $995.05.
Answer
This answer is hidden. It contains 53 characters.
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