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A bond that compounds annually has a Face Value of $1,000 and maturity of 11 years. Assume that its coupon rate is 7% and yield

A bond that compounds annually has a Face Value of $1,000 and maturity of 11 years. Assume that its coupon rate is 7% and yield to maturity (YTM) is 6.24%. What is this bonds market price?

A.) $1,089.64

B.) $1,059.21

C.) $1,045.26

D.) $1,064.35

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