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A three-year bond has an 8 percent coupon rate and a $1,000 face value. If the yield to maturity on the bond is 16 percent, calculate the price of the bond assuming that the bond makes semiannual

A three-year bond has an 8 percent coupon rate and a $1,000 face value. If the yield to maturity on the bond is 16 percent, calculate the price of the bond assuming that the bond makes semiannual coupon payments. A. $815.08 B. $949.24 C. $1,057.54 D. $1,000.00

Apr 13 2021 View more View Less

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