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A 20-year, 6 percent semiannual coupon bond has a yield to maturity of 6.85%. What is the current price of this bond (approximately)? a)

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A 20-year, 6 percent semiannual coupon bond has a yield to maturity of 6.85%. What is the current price of this bond (approximately)? a) b) $908** $909 $905 $912 $920

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