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A client requested that you purchase a specific bond for her only if you are able to get a current yield of at least 9.0%.

A client requested that you purchase a specific bond for her only if you are able to get a current yield of at least 9.0%. The bond has a par value of $1,000 and pays interest at an 11.9% annual rate. Which of the following is the maximum price you can pay for the bond to get at least a 9.0% current yield for the client

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