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Mumby Inc. has issued a 10% coupon bond with par value of $1000. The bond pays annual coupons. What is the issue (initial) price of

Mumby Inc. has issued a 10% coupon bond with par value of $1000. The bond pays annual coupons. What is the issue (initial) price of Mumbys bond if it has a 10-year maturity and a yield to maturity of 6%?

		$1394.56
		$867.89
		$736.01
		$1294.40

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