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American Intl Group Inc issues a 11 percent coupon bond with 10 years maturity and $1,000 face (par) value. If the yield to maturity of

American Intl Group Inc issues a 11 percent coupon bond with 10 years maturity and $1,000 face (par) value. If the yield to maturity of this bond is 7 percent, find the bond's price.

Group of answer choices

none of the answers is correct

$1,024.75

$1,517.77

$1,280.94

$1,247.09

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