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Bearcat Investments has a bond outstanding with a coupon rate of 12 percent and semiannual payments. The yield to maturity is 15.77 percent and the

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Bearcat Investments has a bond outstanding with a coupon rate of 12 percent and semiannual payments. The yield to maturity is 15.77 percent and the bonds mature in 29 years. What is the market price if the bond has a par value of $1000 ? $763.87 $380.60 $1,302.42 $764.36 $787.40

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