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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.
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none of the answers is correct
$1,024.75
$1,517.77
$1,280.94
$1,247.09
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