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A 6% 14-year semi-annual bond offers an YTM of 5%. What is the price of the bond? Select one: a.$837.68 b.$1099.82 c.$1212.18 d.$1106.00

A 6% 14-year semi-annual bond offers an YTM of 5%. What is the price of the bond?

Select one:

a.$837.68

b.$1099.82

c.$1212.18

d.$1106.00

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