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papahomer papahomer
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6 years ago
A bond has a coupon rate of 6% paid semi-annually, a par value of $1,000, and matures tomorrow.  The bond will sell for
A) approximately $1,030.
B) approximately $1,000.
C) approximately $1,060.
D) The price cannot be estimated without knowing the market rate of interest.
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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vanrheevanrhee
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6 years ago
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