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Suppose for Jack Co. bond, the annual coupon payments are $80, and the yield to maturity currently is 8%. The years to maturity of the

Suppose for Jack Co. bond, the annual coupon payments are $80, and the yield to maturity currently is 8%. The years to maturity of the bond is 12 years. Par value is $1,000. What is the market price today? The next coupon payment is year later. A. 1059.42 B. 1,080.00 C. 1,000 D. 1,043.32 E. 1021.38

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