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What must be the price of a $2,000 bond with a 5.9% coupon rate, annual coupons, and 25 years to maturity if YTM IS 9.4%

What must be the price of a $2,000 bond with a 5.9% coupon rate, annual coupons, and 25 years to maturity if YTM IS 9.4% APR?

a. $1,334.12

b. $1,600.95

c. $1,867.77

d. $1,067.30

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