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9. An investor purchased a $10,000,5-year corporate bond one year ago for $10,440. The coupon rate is 6%. Over the past year, the bond's YTM

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9. An investor purchased a $10,000,5-year corporate bond one year ago for $10,440. The coupon rate is 6%. Over the past year, the bond's YTM was dropped by 1%. What is current bond price? Assume the interest is paid annually. Use 4 decimals for I/Y (i.e. 1.0001% so I/Y=1.0001) A. 13,732 B. 12,732 C. 11,732 D. 10,732 E. None of above

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