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P&G Manufacturing just issued a bond with a $1,000 face value and a coupon rate of 7%. If the bond has a life of 30

P&G Manufacturing just issued a bond with a $1,000 face value and a coupon rate of 7%. If the bond has a life of 30 years, pays annual coupons, and the yield to maturity is 6.8%, what will the bond sell for?

A. $1,000,00
B. $1,087.25
C. $975.18
D. $1,025.32
E. $1,111.81


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