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How much should you be prepared to pay for a 10-year bond with a 6 percent coupon (paying semi-annually) and a yield to maturity of
How much should you be prepared to pay for a 10-year bond with a 6 percent coupon (paying semi-annually) and a yield to maturity of 7 percent?
A) $411.64
B) $897.04
C) $588.36
D) $928.84
E) $1,000.00
Please explain how to solve using financial calculator not excel
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