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XYZ corporation issues today a $1,000 face value bond that has a 7.20% coupon rate, pays semi-annual coupons and has 9 years to maturity. Similar

XYZ corporation issues today a $1,000 face value bond that has a 7.20% coupon rate, pays semi-annual coupons and has 9 years to maturity. Similar bonds are trading today at a yield to maturity of 7.60%. What should be the price of the XYZ bond today?

no excel pls

a.$974.26

b.$1,169.12

c.$1,025.84

d.$1,648.00

e.$842.18

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