tylerhale4725 tylerhale4725

22-03-2024
Business

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What is the price of a bond with the following features: 7 years to maturity, face value of $1000, coupon rate of 5% (annual coupons) and yield to maturity (discount rate) of 6.6%?
a. $928.32
b. $963.90
c. $1021.85
d. $1057.44

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