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A bond with 3 years remaining until maturity is currently priced at 99.45% of it...
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A bond with 3 years remaining until maturity is currently priced at 99.45% of its $1,000 face value. It pays an annual coupon of 4.4%, and the most recent coupon was paid just recently. The bond’s yield to maturity is 6.1%. If the bond is scheduled to be repaid at a premium, what is the repayment premium at maturity? The answer is closest to:
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