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Bavarian Sausage 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

Bavarian Sausage 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% pa compounding half-yearly, what is the bond's price?

a. $884.17

b. $600.60

c. $629.21

d. $1,000.00

e.$813.07

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