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A firm issued a 20-year bond 10 years ago. It has a 5% coupon rate and will pay semiannual coupons. If the bond has a
A firm issued a 20-year bond 10 years ago. It has a 5% coupon rate and will pay semiannual coupons. If the bond has a face value of $1,000 and a 6.0% yield to maturity, what should be the price of the bond today?
Group of answer choices
$957.35
$924.21
$925.61
$926.40
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