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A bond with annual coupon payments of $1,200 has six years to maturity and a yield to maturity of 10%. If the price of this

A bond with annual coupon payments of $1,200 has six years to maturity and a yield to maturity of 10%. If the price of this bond is $20,467.11, what is its face value?

A) $27,000

B) $15,240.80

C) $12,000

D) $15,377.24

E) $20,467.11

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