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(TCO C) An investor is looking to buy a bond that currently pays $155 a year in interest (coupon rate). The current yield is 11%

(TCO C) An investor is looking to buy a bond that currently pays $155 a year in interest (coupon rate). The current yield is 11% and the face value is $1,000. How much will the investor have to pay for this bond? (Points : 20) (please show work)

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