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Chocolate and Rum,Inc

Question 28

Multiple Choice

Chocolate and Rum,Inc.offers a 7% coupon bond with semiannual payments and a yield to maturity of 7.73%.The bonds mature in 9 years.What is the market price of a $1,000 face value bond?


A) $953.28
B) $963.88
C) $1,108.16
D) $1,401.26
E) $1,401.86 Chocolate and Rum,Inc.offers a 7% coupon bond with semiannual payments and a yield to maturity of 7.73%.The bonds mature in 9 years.What is the market price of a $1,000 face value bond? A) $953.28 B) $963.88 C) $1,108.16 D) $1,401.26 E) $1,401.86

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