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You become the owner of a bond with twenty years to maturity and has a $1,000,00 par value. The bond has a yield-to-maturity of 9.00%

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You become the owner of a bond with twenty years to maturity and has a $1,000,00 par value. The bond has a yield-to-maturity of 9.00% and a coupon rate of 700%. It has been 107 days since the last coupon payment. There are 75 days remaining until the next coupon payment. The bond's clean ask price is $81.5984 and its clean bid price is $81.3536. Approximately how much did you have to pay for the bond? Multiple Choice 58341 579541 54

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