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15-04-2024
Business

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A 30 year bond has 10 years until it matures. the bond has a coupon rate of 14% annually. the current market rate (yield-to-maturity) is 10% annually. what is the price (present value) of the bond?
A. $ 1,245.78
B. $ 1,377.08
C. $ 1,000.00
D. $ 1,194.74
E. $ 754.22

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