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Bengal Inc. has an outstanding bond that has a coupon rate of 8%. What is the market price of this bond if it pays interest

Bengal Inc. has an outstanding bond that has a coupon rate of 8%. What is the market price of this bond if it pays interest semi-annually, has 15 years to maturity, and the current required rate of return (or YTM) is 10%? $954 $1,059 $846 $1,000

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