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What is the value (to the nearest cent) of a 10 year 5.5% coupon bond with a face value of $1,000. The yield-to-maturity on the

What is the value (to the nearest cent) of a 10 year 5.5% coupon bond with a face value of $1,000. The yield-to-maturity on the bond is 12.4% and the bond makes semi-annual coupon payments.

a. $610.63

b. $4374.73

c. $616.44

d. $310.70

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