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Business, 09.09.2020 22:01 105001964

A 10-year bond with a par value equaling $1,000, pays 7% annually. If similar bonds are currently yielding 6% annually, then what is the market value of the bond? (use semi-annual analysis) a) $700.00
b) $927.50
c) $1,074.70
d) $1,520.70

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