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Alpha Airlines Inc. has a bond outstanding with a face value of $1,000 that reaches maturity in ten years. The bond has a coupon rate

Alpha Airlines Inc. has a bond outstanding with a face value of $1,000 that reaches maturity in ten years. The bond has a coupon rate of 8.0%. Coupons are paid semiannually.

Based on a YTM of 11.1%, the price of this bond will be closest to .

Group of answer choices

$652

$979

$1,063

$816

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