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Use the Following Information to Answer the Question(s)below

Question 19

Multiple Choice

Use the following information to answer the question(s) below. Use the following information to answer the question(s) below. -The price today of a three-year default-free security with a face value of $1000 and an annual coupon rate of 4% is closest to: A) $1002.78. B) $1003.31. C) $1028.50. D) $1028.61.
-The price today of a three-year default-free security with a face value of $1000 and an annual coupon rate of 4% is closest to:


A) $1002.78.
B) $1003.31.
C) $1028.50.
D) $1028.61.

Correct Answer:

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