A $2,500 bond with a coupon rate of 5% paid semi-annually has five years to maturity and
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Question:
A $2,500 bond with a coupon rate of 5% paid semi-annually has five years to maturity and a yield to maturity of 8.7%. What is the price of this bond?
Question 20 options:
$9,771.01
$2,131.32
$7,440.94
$9,573.49
$10,915.94
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