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Two years ago, ABC Inc. issued twenty-year 9% annual coupon bonds with a $1,000 face value each. Since then, interest rates , in general, have

Two years ago, ABC Inc. issued twenty-year 9% annual coupon bonds with a $1,000 face value each. Since then, interest rates , in general, have risen, and the yield to maturity on the ABC bonds is now 12%. Given this information, what is the price today for a ABC bonds?

850.34
B.

890.56
C.

782.51
D.

930.34

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