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Gwen is interested in buying a 10 year bond with a 7% coupon (paid semi-annually) and a face value of $1,000.If her required yield is

Gwen is interested in buying a 10 year bond with a 7% coupon (paid semi-annually) and a face value of $1,000.If her required yield is 6%, what is the maximum price she should pay to buy the bond?

Select one:

A.AUD1,042

B.AUD713

C.None of these.

D.AUD1,074

E.AUD1,114

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