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How much should you pay for a $1,000 bond with 6% coupon, annual payments, and 9 years to maturity if the interest rate is 12%?

How much should you pay for a $1,000 bond with 6% coupon, annual payments, and 9 years to maturity if the interest rate is 12%? Multiple Choice $319.69 $680.31 $1006 O $360.61

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