Suppose you purchase an annual coupon bond with a $1,000 face value and 10-year maturity...
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Suppose you purchase an annual coupon bond with a $1,000 face value and 10-year maturity that was originally issued 4 years ago. The coupon rate was 8%. The current interest rate is 6%. Today is the day after the 4th coupon payment. What is the competitive price of the bond (within $20)? 978 1018 1058 1098 None of the above
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