Question: 4. If a 30 year AA rated bond has a coupon rate of 4%, and the current market rate on 30 year AA bonds is

4. If a 30 year AA rated bond has a coupon rate of 4%, and the current market rate on 30 year AA bonds is 5%, what is the present value of this bond? (nearest $1) $846 $854 $943 you should attempt to offset all risk with insurance $912

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