Question: Ruby Tuesday's just issued a bond with a $1,000 face value and a coupon rate of 10%. The bond has a life of 10 years,

Ruby Tuesday's just issued a bond with a $1,000 face value and a coupon rate of 10%. The bond has a life of 10 years, pays annual coupons, and the yleld to maturity of the bond is 8%. What price will the bond sell for? Multiple Choice $1,134,2 $87711 $1.094.2 $1.14.2

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