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A company has 5 percent coupon bonds on the market that have 14 years left to maturity. The bonds make annual payments and have a

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A company has 5 percent coupon bonds on the market that have 14 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the YTM on these bonds is 7.1%, what is the current bond price? Select one: a.950.41 Ob.817.44 c.1054.49 d. 1120.30

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