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AMD offers 5 percent coupon bonds with semiannual payments and a yield to maturity of 8 percent. The bonds mature in 10 years. What is
AMD offers 5 percent coupon bonds with semiannual payments and a yield to maturity of 8 percent. The bonds mature in 10 years. What is the market price per bond if the face value is $1,000?
$1,002.60
796.14
$996.48
$891.47
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