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The Procter & Gamble Company offers a bond which pays a coupon of 19 percent with semiannual payments. The bonds have a yield to maturity

The Procter & Gamble Company offers a bond which pays a coupon of 19 percent with semiannual payments. The bonds have a yield to maturity of 15.78 percent and they mature in 14 years. If the bonds have a face value of $5,000 how much will the bonds sell for in the market?

$5,667.92

O $5,889.10

O $4,226.83

$3,043.03

O $5,898.59

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