A 10000 bond has twelve years to maturity and a coupon rate
A $10,000 bond has twelve years to maturity and a coupon rate of 5.35% (semi-annual). Rates on current bonds of similar risk are 4.88%. a. 10,423.09 b. 10,421.35 c. 10,419.94 d. 10,416.35.
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