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23. What must be the price of a $1,000 bond with a 6.4% coupon rate, annual coupons, and 15 years to maturity if YTM is
23.
What must be the price of a $1,000 bond with a 6.4% coupon rate, annual coupons, and 15 years to maturity if YTM is 10% APR? O A. $726.18 O B. $871.42 O C. $580.94 OD. $1,016.65Step by Step Solution
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