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Tram buys a $1000 bond with 5.9% annual coupons maturing at $1110. Find Tram's purchase price if the effective annual yield rate is 8% and

Tram buys a $1000 bond with 5.9% annual coupons maturing at $1110. Find Tram's purchase price if the effective annual yield rate is 8% and the PV of the redemption value is $1027.78. Possible Answers 1064.78 B 1072.31 C 1079.25 D 1082.41 E 1091.65

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