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A firm has just issued 10,000 coupon bonds with face value of $1,000, coupon rate of 9%, semi-annual coupon payment, and maturity of 10 years.

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A firm has just issued 10,000 coupon bonds with face value of $1,000, coupon rate of 9%, semi-annual coupon payment, and maturity of 10 years. What is price on each coupon bond if the current yield on similar bonds in the market is 8.5%? Select one $1.047.32 O b. $1.033.24 $1.000.00 $1,032.81 5621.47

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