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GM's bonds have 23 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon rate is 9%, and the
GM's bonds have 23 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon rate is 9%, and the yield to maturity is 11%. What is the bond's current market price?
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$859.48
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$834.67
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$959.48
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657.42
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