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What is the current price of this bond

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Question - Jill is interested in a 9-year bond which pays a coupon of 9.4 present annually and trades at a yield of 12.9% per annum. The face value is $1,000. What is the current price of this bond?

a. $816.76

b. $335.55

c. $819.72

d. $1206.46

Reference no: EM132858639

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