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Assume a 1,000 face value bond with 20 years left til maturity. If the coupon rate is 12%, coupon payments paid semi-annually, and yield to

Assume a 1,000 face value bond with 20 years left til maturity. If the coupon rate is 12%, coupon payments paid semi-annually, and yield to maturity 10%, what is the price of this bond?

a) $1,110

b) $928

c) $1,172

d) $1030

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