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What is the price of a bond with a coupon rate of 8.50% and semi-annual payments, if the yield-to-maturity is 11.40% and the bond matures

What is the price of a bond with a coupon rate of 8.50% and semi-annual payments, if the yield-to-maturity is 11.40% and the bond matures in 25 years? Assume a par value of $1,000. Multiple Choice $375,65 $809.24 $761.53 $1,460.50 $999.09

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