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Grand Adventure Properties issued a 15 year, 9.5 percent coupon bond with semi-annual payments 3 years ago. The yield to maturity rate is 112 percent.

Grand Adventure Properties issued a 15 year, 9.5 percent coupon bond with semi-annual payments 3 years ago. The yield to maturity rate is 112 percent. What is the market price of the bond? $89543 $893.99 $879.09 5890.70 $889.26

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