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The Morgan Co offers 10-year, 5% coupon bonds with semiannual payments and a yield to maturity of 7%. What is the current market price if

The Morgan Co offers 10-year, 5% coupon bonds with semiannual payments and a yield to maturity of 7%. What is the current market price if the face value is $1000? A) $1,155.89 B) $1,000 C) $916.83 D) $857.88 E) $859.93

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