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What must be the price of a $1,000 bond with a 5.7% coupon rate, annual coupons, and 25 years to maturity if YTM is 7.7%

What must be the price of a $1,000 bond with a 5.7% coupon rate, annual coupons, and 25 years to maturity if YTM is 7.7% APR? A. $624.73 B. $780.92 C. $1,093,28 D. $937.10

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