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What is the current price of a $1,000 Par value bond maturing in 9 years with a coupon rate of 8 percent, paid annually, that

What is the current price of a $1,000 Par value bond maturing in 9 years with a coupon rate of 8 percent, paid annually, that has a YTM of 9 percent? A. $700 B. $1,062 C. $940 D. $945

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