What should be the price of the bond that has 11.1 years to maturity and...
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What should be the price of the bond that has 11.1 years to maturity and has 9.4% of coupon rate? The yield provided by similar bonds in the market is 10%. Don't ignore the sign of the final answer for this one.
a. $986.14
b. $805.68
c. $830.41
d. $790.77
e. $960.31
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