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What Must Be the Price of a $10,000 Bond with a 6.5

Question 83

Multiple Choice

What must be the price of a $10,000 bond with a 6.5% coupon rate,semi-annual coupons,and two years to maturity if it has a yield to maturity of 8% APR?


A) $9727.76
B) $9819.74
C) $10,619.63
D) $10,754.44
E) $8816.59

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