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1 . Please show your work. What is the value of a bond with a par value of $ 1 , 0 0 0 ,

1. Please show your work. What is the value of a bond with a par value of $1,000, a coupon of $120(semi-annually), and matures in 10 years? Assume a required rate of return (YTM) of 7.02%
a. $1,198.45
b. $2,401.56
c. $2,568.76
d. $2,205.54

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