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A company has 10-year bonds outstanding that pay an 6.9 percent coupon rate. Investors buying the bond today can expect to earn a yield to

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A company has 10-year bonds outstanding that pay an 6.9 percent coupon rate. Investors buying the bond today can expect to earn a yield to maturity of 6.9 percent p.a.. What should the company's bonds be priced at today? Assume annual coupon payments and a face value of $1000. (Rounded to the nearest dollar) Select one: a. $1000 b. $757 C. $1000 d. $1949

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