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An 8.5% coupon, 25 year, $1,000 face value bond presently has a yield to maturity of 9.75%. Assuming annual interest payments, what is the price

An 8.5\% coupon, 25 year, $1,000 face value bond presently has a yield to maturity of 9.75%. Assuming annual interest payments, what is the price of the bond? $1027.49 $1208.61 $884.32 $905.76 $1174.80

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