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Supreme Company offers a bond with annual payments and a coupon rate of 5 percent. The yield to maturity is 6.5 percent and the maturity
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Supreme Company offers a bond with annual payments and a coupon rate of 5 percent. The yield to maturity is 6.5 percent and the maturity date is 9 years away. What is the market price of one $1,000 face value bond?
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$942
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$868
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$900
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$957
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$1,009
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