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Jill is interested in a 9-year bond which pays a coupon of 9.8 percent annually and trades at a yield of 11.3% per annum. The

Jill is interested in a 9-year bond which pays a coupon of 9.8 percent annually and trades at a yield of 11.3% per annum. The face value is $1,000. What is the current price of this bond? (to the nearest cent) Select one: a. $91790 b. $916.62 c. $1087.08 d. $381.54

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