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What is the price of a $3000 par value bond with an 8% coupon rate that is paid quarterly, if the bond is priced to

What is the price of a $3000 par value bond with an 8% coupon rate that is paid quarterly, if the bond is priced to yield 6%, and it has 11 years to maturity? Multiple Choice $315107 $3922.99 $3480.61 $3473.21

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