a bond makes quarterly interest payments of $25. the annual yield is 8% the maturity value is
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Question:
a bond makes quarterly interest payments of $25. the annual yield is 8% the maturity value is $1000; this amount will be received in 10 years. what is the price?
a) 1137
b) 1000
c) 874
d) 1045
e) none of the above
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