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Curg. Inc. issued 10-year bonds that make semiannual coupon payments. The bonds were issued two years ago with a coupon rate of 7 percent. If

Curg. Inc. issued 10-year bonds that make semiannual coupon payments. The bonds were issued two years ago with a coupon rate of 7 percent. If the par value of these bonds is $1,000 and the YTM is 5 percent, what is the current price? a. $1,130.55 b. $1,162.98 c. $985.88 d. $1,264.88 e. $1,422.31

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