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Question
A 5.5 percent coupon bond has a face value of $1,000 and a current yield of 5.64 percent. What is the current market price?A. $975.18
B. $989.18
C. $1,011.82
D. $3,933.43
E. $4,067.47
Answer
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Which one of the following statements regarding an original issue $25,000 GNMA bond is correct?
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