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1. You purchase a 10 year 12% semiannual bond with a YTM of 11% and a face value of $10,000. What is the value of

1. You purchase a 10 year 12% semiannual bond with a YTM of 11% and a face value of $10,000. What is the value of the first payment you'll receive from the bond? $1200 $1100 $600 $550

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