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JIM Corporation issued 1 5 - year semi - annual 1 1 % coupon bonds. If the current yield to maturity is 5 % ,

JIM Corporation issued 15-year semi-annual 11% coupon bonds. If the current yield to maturity is 5%, what is the firm's current bond price? (FV = $1000)
A. $6,236 B. $2,636 C. $876.23 D. $1,678.71 E. $1,675.47

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