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What Is the Current Price of a $1,000 Par Value

Question 151

Multiple Choice

What is the current price of a $1,000 par value bond maturing in 12 years with a coupon rate of 14 percent, paid semiannually, that has a YTM of 13 percent?


A) $604
B) $1,090
C) $1,060
D) $1,073

Correct Answer:

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