A $1,000 par value, 12-year annual bond carries a coupon rate of 7%. If the...

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Accounting

A $1,000 par value, 12-year annual bond carries a coupon rate of 7%. If the current yield of this bond is 7.995%, its market price to the nearest dollar is

A) $1,125.

B) $925.

C) $876.

D)

$1,075

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