What is the price of a $1,000 par value bond that has 20 years to...
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Finance
What is the price of a $1,000 par value bond that has 20 years to maturity if it has a 9% annual coupon rate paid semiannually and the yield to maturity is 8%
a. $1214
b. $1257
c. $1167
d. $1277
e. $1099
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