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What is the value of a bond with a par value of $1,000, a coupon rate of 9.25%, and a yield to maturity of 6.70%?
What is the value of a bond with a par value of $1,000, a coupon rate of 9.25%, and a yield to maturity of 6.70%? The bond has 16 years to maturity. $1,265 $1,260 $1,323 $1,245 $1,173
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