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Company issued 15-year bonds at a coupon rate of 10 percent. The bonds make quarterly payments. If the YTM on these bonds is 8 percent,

Company issued 15-year bonds at a coupon rate of 10 percent. The bonds make quarterly payments. If the YTM on these bonds is 8 percent, what is the current dollar price assuming a $1,000 par value?

Select one:

a.$ 1,173.8

b.$ 1,219.13

c.$ 3,780.87

d.$ 1045

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