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What is the price today (in dollars and cents) of a 7-year 10.95% coupon rate bond that returns the par value of $1000 at maturity
What is the price today (in dollars and cents) of a 7-year 10.95% coupon rate bond that returns the par value of $1000 at maturity if the yield to maturity is 12.50%?
$1073.16
$911.85
$1000.00
$336.08
$930.37
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