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What is the current price of a $1,000 par value, 9% coupon bond that pays interest semi-annually if the bond matures in 7 years and

What is the current price of a $1,000 par value, 9% coupon bond that pays interest semi-annually if the bond matures in 7 years and has a yield-to-maturity of 15%?

Multiple Choice

a.) $745.33

b.) $398.93

c.) $750.37

d.) $968.92

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