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What is the expected price of the following loan? Principal (par value): 10,000 Stated rate: .10 Maturity: 5 year Interest rate for the loan: .06

What is the expected price of the following loan?

Principal (par value): 10,000

Stated rate: .10

Maturity: 5 year

Interest rate for the loan: .06

Select one:

a. $11,700.65

b. $11,725.42

c. $11,684.95

d. $11,675.77

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