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What is the price of a 20 year, $1000 par value bond that was issued 2 years ago if it has an 8% annual coupon

What is the price of a 20 year, $1000 par value bond that was issued 2 years ago if it has an 8% annual coupon rate paid

semiannually and the yield to maturity is 7%?

A. $1083

B. $1092

C. $1099

D. $1101

E. $1107

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