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If yield to maturities of comparable risk class bonds are 9%, what is the approximate market price of a 11% coupon bond with semi-annual payments
If yield to maturities of comparable risk class bonds are 9%, what is the approximate market price of a 11% coupon bond with semi-annual payments which matures in 26 years?
a.1200
b.117
c.234
d.1401
e.1342
f.954
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