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See results for An investor purchases a 5- year bond with a $1,000 face amount. It pays 7% semiannual coupons and yields a 10% annual

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See results for "An investor purchases a 5- year bond with a $1,000 face amount. It pays 7% semiannual coupons and yields a 10% annual effective rate. The bond's redemption value is $1,200.Calculate the price of the bond. A. 1017 B. 1098 C. 1103 D. 1197 E. 1227

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