You own a 10-year, $10,000 US Treasury bond with a coupon rate of 2%. There are two years left to maturity, and you are planning to sell the bond in the secondary market. If the interest rate is 5%, how much can you expect to get for the bond?
A) $10,500
B) $10,000
C) $9,442
D) $9,628
Correct Answer:
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