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14. Grand Adventure Properties issued a 20-year bond with annual coupon payments today. The coupon rate is 5% and the face value is $1000. If

14. Grand Adventure Properties issued a 20-year bond with annual coupon payments today. The coupon rate is 5% and the face value is $1000. If the yield is 7.2% today, what is the bond's price today? A $387.68 B. $770.51 C. $768.70 D. $1274.17

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