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9. Bavarian Sausage just issued a 10-year 10% coupon bond. The face value of the bond is $1,000 and the bond makes ANNUAL coupon payments.

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9. Bavarian Sausage just issued a 10-year 10% coupon bond. The face value of the bond is $1,000 and the bond makes ANNUAL coupon payments. If the required return on the bond is 12%, what is the bond's price? a. $815.16 b. $887.00 c. $1,122.89 d. $1067.24

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