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Ruby Tuesday's just issued a bond with a $1,000 face value and a coupon rate of 8%. If the bond has a life of 20

Ruby Tuesday's just issued a bond with a $1,000 face value and a coupon rate of 8%. If the bond has a life of 20 years, pays annual coupons, and the yield to maturity is 7%, what price will the bond sell for?

A.1306

B.906

C.1000

D.1106

If you could put it in financial calculator steps it would be appreciated.

n=20

i/y=.07

pmt=80

FV=1000

I keep getting -2574.40

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