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Illinois Illustrators, Inc. issued $1 billion worth of 45-year bonds eight years ago. Each bond has a $1,000 par value (it sold initially for $1,000

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Illinois Illustrators, Inc. issued $1 billion worth of 45-year bonds eight years ago. Each bond has a $1,000 par value (it sold initially for $1,000 and will return $1,000 at maturity) and a 4.6% annual coupon interest rate, but with interest paid every six months - so be sure to compute semiannually, and compute with enough decimal places to assure accuracy! If the expected yield to maturity (which we treat as an effective annual rate, or EAR, measure) is 4.6529%, then at what price would we expect each of these semiannual-interest-payment bonds to sell today? [In previous questions 13 and 147 ted a coupon bond's theoretical value based on different coupon rate, remaining life, and yield to maturity figures.) O A. $1,000.00 OB. $848.68 OC. $990.70 OD. 51,568.88 OE $758.25 Reset Selection 40 PM 6/17/2020 O arch for anything

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