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Assume that Bunch Inc. has an issue of 10-year $1,000 par value bonds. The coupon rate is 7%, and Yield to Maturity is 6%. How

Assume that Bunch Inc. has an issue of 10-year $1,000 par value bonds. The coupon rate is 7%, and Yield to Maturity is 6%. How much would these bonds sell for today? (Note: By default, bond is priced semiannually.)

A) $1,114.70

B) $1,201.32

C) $1,074.39

D) $1,073.60

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