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A $1,000 par bond having an 10% coupon rate (interest is paid semiannually) with 22 years to maturity is currently selling to yield 13% (YTM).
A $1,000 par bond having an 10% coupon rate (interest is paid semiannually) with 22 years to maturity is currently selling to yield 13% (YTM). The market price for this bond is approximately: a) $784** b) $856 $1214 $1190 $721
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