Question: 16. How much should you be prepared to pay for a 10-year bond with a 6% coupon, semiannual payments, and a semiannuallx compounded yield of

16. How much should you be prepared to pay for a 10-year bond with a 6% coupon, semiannual payments, and a semiannuallx compounded yield of "3.5%? A. $895.78 B. $89?.04 C. $938.40 D. $1,312.66 Answer: A

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