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MNO Corporation has issued bonds that have an annual coupon rate of 6%, but payable semiannually. The bonds mature in 9 years have face value

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MNO Corporation has issued bonds that have an annual coupon rate of 6%, but payable semiannually. The bonds mature in 9 years have face value of $1,000, and a yield to maturity of 12%. What is the closest price of the bonds? Select one: O a $681 O b. $1,145 O $400 O d. $350 O e $675

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