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Level I
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Fixed Income
Fixed Income
Medium
Bellmont Industries issues a 4-year, 7% annual-coupon bond with a face value of $1,000. If the bond's yield to maturity is 5.5%, the bond's price is closest to:
A
$1,052.82
B
$1,000.00
C
$1,060.00
D
$947.18
Select an answer to continue
Tags
#bond-pricing
#ytm
#present-value
#coupon-bond
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