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On July 1, 2016, you are considering to buy a newly-issued IBM bond, which is quoted as IBM 8s26' in the WSJ. IBM pays coupon

On July 1, 2016, you are considering to buy a newly-issued IBM bond, which is quoted as "IBM 8s26' in the WSJ. IBM pays coupon interests every 6 months. If you require a 10% return on this bond, how much would you pay for this bond? $875.39 $812.15 $1, 122.87 $950.75 $1,003.42

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