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Furniture Manufacturers issued a 22 year monthly bond with a par value of $1,000. The coupon rate on the bond is 7.60% and the yield
Furniture Manufacturers issued a 22 year monthly bond with a par value of $1,000. The coupon rate on the bond is 7.60% and the yield to maturity is 6.95%. What is the current price of the bond?
Group of answer choices
1,072.20
$1,073.16
$298.39
$91.13
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