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Calculate the Price at the Beginning of Year 1 of an 8

Question 29

Multiple Choice

Calculate the price at the beginning of year 1 of an 8% annual coupon bond with face value $1,000 and 5 years to maturity.


A) $1,105.47
B) $1,131.91
C) $1,084.25
D) $1,150.01
E) $719.75

Correct Answer:

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