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What must be the price of a $2,000 bond with a 6.2% coupon rate, annual coupons, and 30 years to maturity if YTM is 8.5%
What must be the price of a $2,000 bond with a 6.2% coupon rate, annual coupons, and 30 years to maturity if YTM is 8.5% APR?
A.$ 1,505.65
B. $1,204.52
C. $2,107.90
D. $1,806.77
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