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Digi-Bell Inc. issued a bond with a coupon rate of 9%, payable quarterly. The bond matures in 15 years. It has a face value of

Digi-Bell Inc. issued a bond with a coupon rate of 9%, payable quarterly. The bond matures in 15 years. It has a face value of $1,000 and a yield to maturity of 14%. What is the price of the bond? Question 6Answer a. $692.89 b. $1,000 c. $1,403.03 d. $688.19

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