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What the price of the bond is nearest to

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Reference no: EM132931492

Problem 1: A 12-year bond has a 9% annual coupon, a yield to maturity of 8% and a face value of P1,000. The price of the bond is nearest to

a. P928

b. P1,000

c. P1,075

d. P1,469

e. P1,957

Reference no: EM132931492

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