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You would like to buy a monthly compounding 12-year, $1,000 par value bond. The annual coupon rate on this bond is 8% percent. If the

You would like to buy a monthly compounding 12-year, $1,000 par value bond. The annual coupon rate on this bond is 8% percent. If the current yield to maturity of the bond is an 8 percent, what is the value of this bond? A) $875 B) $1,149 C) $1,000 D) -$1,000

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