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Calculate the price of the corporate bond with a maturity value of $1000 and a coupon rate of 9% compounded semiannually, assuming the current market

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Calculate the price of the corporate bond with a maturity value of $1000 and a coupon rate of 9% compounded semiannually, assuming the current market rate is 11% and the bond has 10 years remaining to maturity. Select one O a. $1,000.00 O b. $1.130.08 c. $1,418.26 d. $880.50

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