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Four years ago you purchased an 11-year bond with a coupon rate of 7 percent. You now wish to sell the bond and read that

Four years ago you purchased an 11-year bond with a coupon rate of 7 percent. You now wish to sell the bond and read that yields are 6 percent. What price should you receive for the bond?

$844.47

$931.94

$1,159.93

$1,055.82

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