A three-year bond has an 8.0 percent coupon rate and a $1,000 face value. If the yield to maturity on the bond is 11 per

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answerhappygod
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A three-year bond has an 8.0 percent coupon rate and a $1,000 face value. If the yield to maturity on the bond is 11 per

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A three-year bond has an 8.0 percent coupon rate and a $1,000face value. If the yield to maturity on the bond is 11 percent,calculate the price of the bond assuming that the bond makessemiannual coupon payments. Multiple Choice $949.24 $857.96$1,057.54 $925.07
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