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Maroon Two Inc. has just issued 10,000 coupon bonds with face value of $1,000, coupon rate of 9%, semi-annual coupon payment, and maturity of 10

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Maroon Two Inc. has just issued 10,000 coupon bonds with face value of $1,000, coupon rate of 9%, semi-annual coupon payment, and maturity of 10 years. What is price on each coupon bond if the current yield on similar bonds in the market is 8.5%? Multiple Choice $1,033.24 O $1,047.32 $621.47 O O $1,032.81 $1,000.00 O

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