13,12 The current market price of a semi-annual payment bond is $1,106.78....
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Finance
13,12 
The current market price of a semi-annual payment bond is $1,106.78. If this bond has 20 years remaining to maturity and if the bond has a yield to maturity of 7.00%, the coupon rate of this bond must be ___%. 1) 6.00 2) 8.40 3) 5.60 4) 8.00 5) 7.00 Suppose you deposit $1,051.65 into an account today. Exactly five years from today the account is worth $1,696.00. The account's interest rate was ____%. 1) 9.52 2) 7.54 3) 10.03 4) 6.25 5) 11.11
13,12
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