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Current interest rates are 10.58%. You want to buy a long-term bond with a face value of $1000 that pays a coupon rate of 10%.

Current interest rates are 10.58%. You want to buy a long-term bond with a face value of $1000 that pays a coupon rate of 10%. Which of the following prices is feasible?

$873.56
$904.27
$987.56
All of the above are feasible.
None of the above are feasible.
Not enough information to answer

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