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A 25-year, 8.21% coupon rate bond has a $1,000 face value and a yield to maturity of 7.28 percent. What is the price of the

A 25-year, 8.21% coupon rate bond has a $1,000 face value and a yield to maturity of 7.28 percent. What is the price of the bond?

A) $1000 B) $1105.70 C) $1106.37 D) $995.70 E) $996.37

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