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WILL RATE ANSWER Roadside Markets has a 7 percent coupon bond outstanding that matures in 10.5 years. The bond pays interest semiannually. What is the

WILL RATE ANSWER

Roadside Markets has a 7 percent coupon bond outstanding that matures in 10.5 years. The bond pays interest semiannually. What is the market price per bond if the face value is $1,000 and the yield to maturity is 9.1 percent?

$1,007.52

$859.88

$967.24

$893.42

$849.80

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