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2-14 One year ago, Red Hot Corporation issued ten year 4 percent annual coupon bonds, each with a $1,000 face value. What is the price

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One year ago, Red Hot Corporation issued ten year 4 percent annual coupon bonds, each with a $1,000 face value. What is the price of a bond today if the yield to maturity is now three percent? A $1,086.30 B $1,077.86 ( $1,000.00 $802.03

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