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The market price of an $1100000, ten-year, 10% (pays interest semiannually) bond issue sold to yield an effective rate of 8% is A) $1247572. B)

The market price of an $1100000, ten-year, 10% (pays interest semiannually) bond issue sold to yield an effective rate of 8% is A) $1247572. B) $2080260. C) $1249497. D) $1259104.

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