Consider a 20 -year 10% coupon bond with a par value of $1,000 and a...
Consider a 20 -year 10% coupon bond with a par value of $1,000 and a required yield of 11%. What is the present value of the coupon payments? A) $802.31 B) $1,002.31 C) $632.31 D) $512.31 B A D C 
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