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What must be the price of a $2,000 bond with a 5.9% coupon rate, annual coupons, and 15 years to maturity if YTM is 7.6%
What must be the price of a $2,000 bond with a 5.9% coupon rate, annual coupons, and 15 years to maturity if YTM is 7.6% APR?
A. $1,701.73
B. $2,042.08
C. $1,361.39
D. $2,382.43
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