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Question
Consider a six-year maturity, $100,000 face value bond that pays a 5 percent fixed coupon annually.
What is the price of the bond if market interest rates are 6 percent?
A. $95,082.68.
B. $95,769.55.
C. $95,023.00.
D. $100,000.00.
E. $96,557.87.
Answer
This answer is hidden. It contains 54 characters.
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