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A coupon-bond has a face value of $20,000 and matures in 10 years. The coupon rate is 6% compounded monthly. What is the price of

A coupon-bond has a face value of $20,000 and matures in 10 years. The coupon rate is 6% compounded monthly. What is the price of the bond to yield a true interest rate of 8.5%?

A. $8065.45

B. $8573.95

C. $16,639.40

D. $46,652.94

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