A $5000 10-year accumulation bond,redeemable at par,has semiannual coupons at j2 = 7%.After two years,the bond is sold to an investor who wishes to yield j2 = 8%.What price does the bond sell for?
A) $4628.95
B) $4708.69
C) $5311.82
D) $5451.82
Correct Answer:
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