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Use the information to answer the following questions. A bond with a face value of $1,000 matures in 12 years and has a 9% semiannual

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Use the information to answer the following questions. A bond with a face value of $1,000 matures in 12 years and has a 9% semiannual coupon. The bond has a nominal yield to maturity of 6.85%, and it can be called 4 years at a call price of $1,045. Assume equilibrium, what is the price of the bond? Select one: a. $ 863 b. $1117 c. $1174 d. $ 761 e. $ 902 Continued from previous question. What is the bond's nominal yield to call? Select one: a. 9.98% b. 6.61% c. 11.36% d. 4.23% e. 5.16%

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