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Bat Company's BBB 13% bonds have a face value of $1,000 and pay interest semi- annually. They mature in 18 years, and their YTM is

Bat Company's BBB 13% bonds have a face value of $1,000 and pay interest semi- annually. They mature in 18 years, and their YTM is currently 11%. What is the price of a Bat Company Bond? 1) $1,155.36 2) $1,429.34 3) $726.39 4) $620.94

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