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X 24. Assume that you are interested in buying a coupon bond, It has a maturity of 12 years, a coupon rate of 9%, and

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X 24. Assume that you are interested in buying a coupon bond, It has a maturity of 12 years, a coupon rate of 9%, and a par value of $100. The required annual return for this bond is 7%, Assume that Interest is compounded annually, What is the fair price of this bond? $85.68 $100.00 $114 05 $115.89

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