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Suppose that Rowdy Corporation issued a bond with 10 years until maturity, a face value of $1,000, and a coupon rate of 7.8% (annual payments).

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Suppose that Rowdy Corporation issued a bond with 10 years until maturity, a face value of $1,000, and a coupon rate of 7.8% (annual payments). The yield to maturity on this bond when it was issued was 5.6%. Assuming the yleld to maturity remains constant, what is the price of the bond immediately before it makes its first coupon payment? a. 51,178.00 b. 51,101,89 c. $1,230.28 d. \$1,152.28 e. $1,078.00

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