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* 24. If an ordinary bond has a coupon rate of 14 percent, then the owner will get a total of $140 per year, but

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* 24. If an ordinary bond has a coupon rate of 14 percent, then the owner will get a total of $140 per year, but this $140 will come in two payments of $70 each. The yield to maturity is quoted at 22 percent. The bond matures in seven years. Calculate the bond's price. $720.73 $920.73 $620.73 $820.73

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