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18. The $1,000 face value ABC bond has a coupon rate of 6%, with interest paid...

18. The $1,000 face value ABC bond has a coupon rate of 6%, with interest paid annually, and
matures in 3 years. If the bond is priced to yield 4%, what is the bond's value today?
A. $984.54
B. $989.64
C. $997.27
D. $1,055.50

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Answer #1

COUPON RATE 6.00% NPER 3 (years to maturity ) PMT 60 (face value x coupon rate) FACE VALUE $ 1,000.00 YIELD 4.00% PRICE = PV

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