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41 1.33 points 01:15:44 Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon

41 1.33 points 01:15:44 Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of 1,000, 13 years to maturity, and a coupon rate of 6 percent paid annually. If the yield to maturity is 11 percent, what is the current price of the bond? eBook Multiple Choice Print References $629.38 662.51 695.63

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