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Inc. offers a 10.0 percent coupon bond with semiannual payments and a yield to maturity of 11.00 percent. The bonds mature in 9 years. What

Inc. offers a 10.0 percent coupon bond with semiannual payments and a yield to maturity of 11.00 percent. The bonds mature in 9 years. What is the market price of a $1,000 face value bond?

multiple choice

  • $1,076.69

  • $1,562.30

  • $1,506.07

  • $943.77

  • $1,381.47

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