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RoadMarkets has 9 percent coupon bond outstanding that matures in 11 years. The bond pays interest semiannually . What is the market price per bond

RoadMarkets has 9 percent coupon bond outstanding that matures in 11 years. The bond pays interest semiannually. What is the market price per bond if the face value is $1,000 and the yield to maturity is 8.6 percent?

a. 1,028.09

b. 600.88

c. 715.63

d. 1,027.74

e. 1,017.24

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