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The market price of an $1070000, ten-year, 12% (pays interest semiannually) bond issue sold to yield an effective rate of 10% is A) $1203346 B)

The market price of an $1070000, ten-year, 12% (pays interest semiannually) bond issue sold to yield an effective rate of 10% is

A) $1203346

B) $1212599

C) $2003424

D) $1201492

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