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ANX Ltd just issued a 10 year 7% coupon bond. The face value of the bond is $1,000 and the bond makes semi-annual coupon payments.

ANX Ltd just issued a 10 year 7% coupon bond. The face value of the bond is $1,000 and the bond makes semi-annual coupon payments. If the required return on the bond is 10%, what is the bonds price?

Select one:

A. $813.07

B. $1,154.43

C. $884.17

D. $1,000.00

E. None of these.

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