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Party Time, Inc. has a 10% coupon bond that matures in 12 years. The bond pays interest semiannually. What is the market price of a

Party Time, Inc. has a 10% coupon bond that matures in 12 years. The bond pays interest semiannually. What is the market price of a $1,000 face-value bond if the yield to maturity is 11.5%?

$869.57
$962.83
$903.66
$940.59
$904.89

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