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You are eyeing an investment in a corporate bond which has a YTM of 12.50%, and a stated rate of interest of 10.47% with a

You are eyeing an investment in a corporate bond which has a YTM of 12.50%, and a stated rate of interest of 10.47% with a maturity of 20yezrs. What is the price of this bond?

a. $853.00

b. $1,615.46

c. $473.92

d. $851.97

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