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A $1,000 Par,8% Treasury Bond Maturing in Three Years Compounded

Question 29

Multiple Choice

A $1,000 par,8% Treasury bond maturing in three years compounded semiannually is priced to yield 7%.What is its current market price?


A) $974.21
B) $813.50
C) $927.50
D) $1,026.64

Correct Answer:

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