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Bond A has a coupon rate of 12.40 percent, a yield to maturity of 14.60 percent, and a face value of $1,000; matures in 8

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Bond A has a coupon rate of 12.40 percent, a yield to maturity of 14.60 percent, and a face value of $1,000; matures in 8 years; and pays coupons annually with the next coupon expected in one year. What is (X + Y + Z) if x is the present value of any coupon payments expected to be made in three years from today, Y is the present value of any coupon payments expected to be made in six years from today, and Z is the present value of any coupon expected to be made in 9 years from today? A) An amount less than $60 or an amount greater than or equal to $3,000 B) An amount equal to or greater than $110 but less than $170 C) An amount equal to or greater than $170 but less than $230 D) An amount equal to or greater than $230 but less than $3,000

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