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11) What is the current price of a $1,000, 6% coupon bond that pays interest semi-annually if the bond matures in ten years and has

11) What is the current price of a $1,000, 6% coupon bond that pays interest semi-annually if the bond matures in ten years and has a yield-tomaturity of 7.1325%? A) $567 B) $920 C) $1,030 D) $1,080 Answer: B

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