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Answer is C. I need a full explanation of why. 28. A 10-year annual payment corporate bond has a market price of $1,050. It pays

Answer is C. I need a full explanation of why.image text in transcribed

28. A 10-year annual payment corporate bond has a market price of $1,050. It pays annual interest of $100 and its required rate of return is 9%. By how much is the bond Mispriced? A) $0.00 B) Overpriced by $14.18 C) Underpriced by $14.18 D) Overpriced by $9.32 E) Underpriced by $9.32

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