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Business, 04.01.2021 02:20 insaneke

3Ts Corp. will start selling 10-year bonds today. The bonds have semiannual coupon payments, an annual coupon rate of 8%, and a par value of $1,000. The yield to maturity (YTM) for this bond is expected to be 10%. What is the price of the bond today? A. 770.60 B. 811.67 C. 1,000.00 D. 877.11 E. 875.38

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3Ts Corp. will start selling 10-year bonds today. The bonds have semiannual coupon payments, an annu...

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