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How much should you pay for a 10-year bond with a 8.25% coupon, semiannual payments, and a semiannually compounded yield of 9.75%? (Do not round

How much should you pay for a 10-year bond with a 8.25% coupon, semiannual payments, and a semiannually compounded yield of 9.75%? (Do not round intermediate calculations.)
  • $906.83

  • $953.52

  • $905.53

  • $1,099.53

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