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Question 7 (3 points) Listen (Estimated time allowance: 8 minutes) Tripple-Crown Inc. will start selling 10-year bonds today. The bonds have semiannual coupon payments, an

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Question 7 (3 points) Listen (Estimated time allowance: 8 minutes) Tripple-Crown Inc. will start selling 10-year bonds today. The bonds have semiannual coupon payments, an annual coupon rate of 10%, and a par value of $1,000. The yield to maturity (YTM) for this bond is expected to be 8%. What is the price of the bond today? 1,135.90 770.60 1,000.00 984.48 875.38

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