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A $1,000 par bond with a 6.5% annual coupon and 11 years to maturity trades at a required yield of 8.4%. What should be the

A $1,000 par bond with a 6.5% annual coupon and 11 years to maturity trades at a required yield of 8.4%. What should be the price of this bond? A. $ 865.30 B. $ 852.52 C. $ 854.35 D. $ 866.95 E. $1,142.70

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