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Brooks Books bonds have 7 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon interest rate is 11

Brooks Books bonds have 7 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon interest rate is 11 percent; and the yield to maturity is 12.5 percent. What is the bonds current market price?

a.$494.15

b.$1,110.00

c.$932.62

d.$1,020.63

e.$1,000.00

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