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A bond with a coupon rate of 9.25% issued six years ago with an original maturity of 25 years, and with semi-annual interest payments, is

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A bond with a coupon rate of 9.25% issued six years ago with an original maturity of 25 years, and with semi-annual interest payments, is being evaluated by a bond portfolio manager. The par value for the bond is $1,000. If the portfolio manager believes an appropriate annual yield to maturity for this bond is 10.15%, what is the maximum price the portfolio manager should pay for this bond? $1.003.6579 5962.3562 5924,8445 $892.4565 $1.098.4521

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