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2 2 . A coupon bond that pays interest of $ 1 0 0 annually has a par value of $ 1 , 0 0

22. A coupon bond that pays interest of $100 annually has a par value of $1,000, matures in 5 years, and has YTM of 10%. The price of this bond is __________.
a. $900
b. $1,000
c. $1,100
d. $2,000
e. None of the above options is correct.

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