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A bond pays annual coupon payments at a rate of 10%. The current yield to maturity is 12% and it matures at a par

A bond pays annual coupon payments at a rate of 10%. The current yield to maturity is 12% and it matures at a par value of $1

A bond pays annual coupon payments at a rate of 10%. The current yield to maturity is 12% and it matures at a par value of $1000 in exactly 20 years. What is the current market price? [Choose Closest] O A. $746.94 O B. $1170.27 O C. $850.61 O D. $1458.80

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