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Even though most corporate bonds in the United States make coupon payments semiannually, bonds Issued elsewhere often have annual coupon payments. Suppose a German company

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Even though most corporate bonds in the United States make coupon payments semiannually, bonds Issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of 1,000, 5 years to maturity. and a coupon rate of 6 percent paid annually. If the yield to maturity is 11 percent, what is the current price of the bond? Multiple Choice $774.44 855.97 1,030.00 1,214.62 815.21

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