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Consider a 10-year, monthly coupon bond, with a coupon rate of 8.4%, and a face...

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Finance

Consider a 10-year, monthly coupon bond, with a coupon rate of 8.4%, and a face value of $1,000. Assuming a YTM of 12%, what is the price of this bond? A. $58.33 B. $1,243.01 C. $796.59 D. $790.90

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