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Find the price of a coupon bond with a $20,000 par value and a coupon rate of 6% payable yearly. The bond matures in 5

Find the price of a coupon bond with a $20,000 par value and a coupon rate of 6% payable yearly. The bond matures in 5 years and is priced to yield 7%.

A. $4920.24

B. $14,259.72

C. $19,179.96

D. $21,682.40

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