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A 12-year bond has a 14 percent semi-annual coupon and a face value of $1,000. What is the price of the bond to an investor

A 12-year bond has a 14 percent semi-annual coupon and a face value of $1,000. What is the price of the bond to an investor with a required return of 10 percent? A. $795.59 B. $1,272.55 C. $1,275.97 D. $1,359.39 E. none of the above

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