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What is the price for a bond with a quoted coupon rate of 14%, a...

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Finance

What is the price for a bond with a quoted coupon rate of 14%, a par value of $1,000, 7 years to maturity and the current yield to maturity is 16%?

A. 917.56 B. 939.21 C. 1,025.78 D. 1,011.73

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