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QUESTION
What is the quoted price of a 15-year 7.0% bond with semiannual coupons, a face value of $1,000, and a yield to maturity of 8.0%?
What is the quoted price of a 15-year 7.0% bond with semiannual coupons, a face value of $1,000, and a yield to maturity of 8.0%? A. $493.40 b. $614.82 c. $913.54 d. $914.41 e. $944.41
