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A Limited has just issued a bond with face value of $1000 and a coupon rate of 8%. If the bond has a life of

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A Limited has just issued a bond with face value of $1000 and a coupon rate of 8%. If the bond has a life of 15 years, pays annual coupons and the YTM is 7.5%, what will the bond sell for? 51044 $1020 $957 $1051 $1162

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