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11. How much should you be prepared to pay for a 8-year bond with a 5.00% coupon, semiannual payments, and a semiannually compounded yield of

11. How much should you be prepared to pay for a 8-year bond with a 5.00% coupon, semiannual payments, and a semiannually compounded yield of 6.50%?

A. $1,096.95 B. $907.57 C. $908.67 D. $968.52

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