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Consider a 6-year corporate bond issued by Vandelay Industries. The bond has a face value of $1,000, and has an annual coupon rate of 6.8%.

Consider a 6-year corporate bond issued by Vandelay Industries. The bond has a face value of $1,000, and has an annual coupon rate of 6.8%. The yield to maturity of the bond is 8.2%. What is the fair price for the bond today? A) $961.29 B) $935.67 C) $1000.92 D) $1000.00 E) $623.21

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