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A 10 percent coupon bond has a face value of $1,000 and a current yield of 8.25 percent. What is the current market price? Select

A 10 percent coupon bond has a face value of $1,000 and a current yield of 8.25 percent. What is the current market price?

Select one:

a. $825

b. $1000

c. $1,116.43

d. $606.06

e. $1,212.12

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