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What is the price today (in dollars and cents) of a 5-year 8.75% coupon rate bond that returns the par value of $1000 at maturity
What is the price today (in dollars and cents) of a 5-year 8.75% coupon rate bond that returns the par value of $1000 at maturity if the yield to maturity is 12.50% ? $1146.81$1110.24$242.78$1000.00$866.48
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