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The market price of an $1060000, ten-year, 12% (pays interest semiannually) bond issue sold to yield an effective rate of 10% is A. $1190263 B.

The market price of an $1060000, ten-year, 12% (pays interest semiannually) bond issue sold to yield an effective rate of 10% is

A. $1190263

B. $1984701

C. $1201266

D. $1192100

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