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Rowdy Caynine Inc. has a $1,000 par value bond with a 6-year maturity. The bond has a 8% coupon rate which is paid annually and
Rowdy Caynine Inc. has a $1,000 par value bond with a 6-year maturity. The bond has a 8% coupon rate which is paid annually and a 4% yield to maturity. What is the bond price?
Select one:
a. $1,209.69
b. $419.36
c. $1,419.36
d. $1,169.68
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