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Fixed Income
Fixed Income
Medium
A 5-year semiannual-pay bond has a coupon rate of 8% and a face value of $1,000. If the bond's YTM is 7%, the bond price is closest to:
A
$1,041.58
B
$1,000.00
C
$958.42
D
$1,082.00
Select an answer to continue
Tags
#bond-pricing
#semiannual
#present-value
#ytm
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