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Business, 29.10.2020 17:20 ratpizza

A bond has 8 years to maturity, a 7 percent coupon, a $1,000 face value, and pays coupon 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

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