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Question
Consider a one-year maturity, $100,000 face value bond that pays a 6 percent fixed coupon annually.
What is the price of the bond if market interest rates are 7 percent?
A. $99,050.15.
B. $99,457.94.
C. $99,249.62.
D. $100,000.00.
E. $99,065.42.
Answer
This answer is hidden. It contains 233 characters.
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