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A.20-year, 10% annual-pay bond has a par value of $1,000. What would this bond be trading for if it were priced to yield 15% as

A.20-year, 10% annual-pay bond has a par value of $1,000. What would this bond be trading for if it were priced to yield 15% as an annual rate?

A) $685.14

B) $687.03

C) $828.39

D)$1,000

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