Question: Question 3 1 points Saved A bond is issued at the end of the year 20X0 with an 8% semiannual coupon rate, 5 years to

Question 3 1 points Saved A bond is issued at the

Question 3 1 points Saved A bond is issued at the end of the year 20X0 with an 8% semiannual coupon rate, 5 years to maturity, and a par value of $1,000. The bond's yield at issuance is 10%. Using the effective interest method, if the yield has decreased to 9% at the end of the year 20X1, the balance sheet liability for the bond is closest to: 923. 935. 967

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