Question: Two years ago, Apple Inc. issued 1 2 - year bonds at a coupon rate of 8 percent. If the bonds make semiannual payments, have
Two years ago, Apple Inc. issued year bonds at a coupon rate of percent. If the bonds make semiannual payments, have a par value of $ and the YTM on these bonds is percent, what is the current bond price?
Multiple Choice
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$
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$
$
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