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If the Coupon Payment on a Bond Is $640 and the Coupon

Question 72

Multiple Choice

If the coupon payment on a bond is $640 and the coupon rate is 6%,then what is the price of the bond?


A) $10,667
B) $10,000
C) $1,067
D) $678.40
E) There is not enough information provided to answer this question.

Correct Answer:

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