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What is the price of a bond with a coupon rate of 8,95% and semi-annual payments, if the yield-to-maturity Is 11.70% and the bond matures

What is the price of a bond with a coupon rate of 8,95% and semi-annual payments, if the yield-to-maturity Is 11.70% and the bond matures in 25 years? Assume a par value of $1,000 Multiple Choice $38492 $82170 577865 $999 20

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