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A firm has issued a bond with a coupon of 11%, semi-annual interest payments, a required return of 14% and 10 years left until maturity.

A firm has issued a bond with a coupon of 11%, semi-annual interest payments, a required return of 14% and 10 years left until maturity. What will the bond sell for today?

____

A) $1,000

B) $841

C) $895

D) $843

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