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A $1,000 par value, 12-year annual bond carries a coupon rate of 7%, the current yield of this bond is 10%, its market price the

A $1,000 par value, 12-year annual bond carries a coupon rate of 7%, the current yield of this bond is 10%, its market price the nearest dollar is A) $876. (B)$700. C) $925. D) 1, 125

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