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16) A 12-year annual payment corporate bond has a market price of $925. It pays annual interest of $60 and its required rate of return

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16) A 12-year annual payment corporate bond has a market price of $925. It pays annual interest of $60 and its required rate of return is 7 percent. By how much is the bond mispriced? A) Overpriced by $7.29 B) $0.00 C) Overpriced by $4.43 D) Underpriced by $4.43 E) Underpriced by $7.29

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