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Cyclops, Inc., has a bond outstanding with a coupon rate of 5.64 percent and semiannual payments. The yield to maturity is 61 percent and the

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Cyclops, Inc., has a bond outstanding with a coupon rate of 5.64 percent and semiannual payments. The yield to maturity is 61 percent and the bond matures in 15 years. What is the market price if the bond has a par value of $1,000? $956.68 5955.61 595794 $955 21 $974.31

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