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Question
A bond has 8 years to maturity, a 7 percent coupon, a $1,000 face value, and pays interest semiannually. What is the bond's current price if the yield to maturity is 6.91 percent?A. $799.32
B. $848.16
C. $917.92
D. $1,005.46
E. $1,009.73
Answer
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