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A company has 10-year bonds outstanding that pay an 74 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 74 percent coupon rate. Investors buying the bond today can expect to earn a yield to maturity of 7.6 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. $986 Ob S2080 c. $1014 od. $734

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