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What should be the price of a $1,000 par bond with a 3.8% annual coupon and 11 years to maturity with a required return of

What should be the price of a $1,000 par bond with a 3.8% annual coupon and 11 years to maturity with a required return of 7.2%?

  • A. $744.66

  • B. $743.18

  • C. $747.57

  • D. $1,030.04

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