[Solved] What must be the price of a $1,000 bond w

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What must be the price of a $1,000 bond with a 6.3% coupon rate, annual coupons, and 20 years to maturity if YTM is 8.4%

What must be the price of a $1,000 bond with a 6.3% coupon rate, annual coupons, and 20 years to maturity if YTM is 8.4% APR? A. $799.81 B. $1,119.74 C. $639.85 D. $959.78

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