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Question 242 - IIA-CIA-Part3 discussion
A bond that matures after one year has a face value of S250,000 and a coupon of $30,000. if the market price of the bond is 5265,000, which of the following would be the market interest rate?
A.
Less than 12 percent.
B.
12 percent.
C.
Between 12.01 percent and 12.50 percent.
D.
More than 12 50 percent.
Your answer:
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