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Company ABCs 7.0% coupon bonds (annual payments) currently have a yield to maturity of 6.5%. The bond matures in 15 years. What is the market
Company ABCs 7.0% coupon bonds (annual payments) currently have a yield to maturity of 6.5%. The bond matures in 15 years. What is the market price of the bond if the face value is $1,000?
Group of answer choices
(A) $1047
(B) $1032
(C) $1021
(D) $1014
(E) $1000
(F) $973
(G) 954
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