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You are eyeing an investment in a corporate bond which has a YTM of 3.00%, and a stated rate of interest of 7.00% with a

You are eyeing an investment in a corporate bond which has a YTM of 3.00%, and a stated rate of interest of 7.00% with a maturity of 10 years. What is the price of this bond?

a. $1,341.21

b. $606.84

c. $1,042.65

d. $1,343.37

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