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A bond pays annual coupon payments at a rate of 13%. The current yield to maturity is 9.5% and it matures at a par value

A bond pays annual coupon payments at a rate of 13%. The current yield to maturity is 9.5% and it matures at a par value of $1000 in exactly 15 years. What is the current market price? [Choose Closest] A. $1273.99 B. $1017.66 C. $613.93 D. $358.09

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