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What is the price of a 9-year, 11-percent, annual coupon bond when the market rate is 8 percent? The face value is $100. o $105.53

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What is the price of a 9-year, 11-percent, annual coupon bond when the market rate is 8 percent? The face value is $100. o $105.53 O $118.74 O $111.73 O $114.66

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