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Question 6 0.4 pts Even though most corporate bonds in Canada and the United States make coupon payments semiannually, bonds issued elsewhere often have annual

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Question 6 0.4 pts Even though most corporate bonds in Canada and the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of 1,000, 15 years to maturity, and a coupon rate of 8.4 percent paid annually. If the yield to maturity is 7.6 percent, what is the current price of the bond? 1503.94 927.81 997.10 O 1,070.18

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