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You own a corporate bond that has 2 6 years remaining until maturity. This bond has a par value of $ 1 0 0 ,

You own a corporate bond that has 26 years remaining until maturity. This bond has a par value of $100,000, a coupon rate of 9.5%, and the bond makes coupon payments on an annual basis (just one coupon payment per year). Since you bought this bond interest rates have dropped to only 6.5%, so they yield to maturity for this bond is now 6.5%.
What is the price of this bond?
Group of answer choices
$100,000
$97,786.34
$137,177.12
$93,778.97
$34,579.22
$33,287.16
$32,148.77
$31,789.44
$30,914.43
$30,274.10

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