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06-03-2024
Mathematics

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A 20-year maturity bond with a face value of 1,000 makes annual coupon payments and has a coupon rate of 9.4%. Note: Do not round intermediate calculations. Enter your answers as a percent rounded to two decimal places.
a) 4.70%
b) 4.85%
c) 9.40%
d) 47.00%

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