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14. Your father has just invested in a discount bond that offers an annual coupon rate of 9%, with interest paid annually. The face value

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14. Your father has just invested in a discount bond that offers an annual coupon rate of 9%, with interest paid annually. The face value of the bond is $1,000 and the difference between its yield to maturity and coupon rate is 4%. The bond matures in 8 years. What is the bond's price? * a. $808.05 O b. $990.50 c. $750 d. $550 d O e. None of the above

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