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Rapid River, Inc. has a 7.5% coupon bond that matures in 9 years. The bond pays interest semi-annually. What is the market price of a

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Rapid River, Inc. has a 7.5% coupon bond that matures in 9 years. The bond pays interest semi-annually. What is the market price of a $1,000 face value bond if the yield to maturity is 6.8%? Select one a $1,049.07 b. $1,046.55 c. $1,050.10 d $1,045.18

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