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11. What is the market value of a 10% coupon bond, assuming that the bond is a semi-annual coupon bond, has a $1,000 face value,

11. What is the market value of a 10% coupon bond, assuming that the bond is a semi-annual coupon bond, has a $1,000 face value, 20 years to maturity, and a 9% yield to maturity.

A) $ 956 C) $1,092 B) $ 850 D) $1,110

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