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Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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1.Piotr buys a 10 year, $50,000.00 face value, r(2) = 1.500% coupon bond. The bond yield is j(365) = 7.750%. What is the price of the bond?

a. $29,563.60.

b. $28,155.81.

c. $30,126.72.

d. $29,282.04.

e. $28,437.37.

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