Question: SHOW TO PROCESS TO GET THE CORRECT ANSWER What is the price today (in dollars and cents) of a 7-year 10.95% coupon rate bond that

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What is the price today (in dollars and cents) of a 7-year 10.95% coupon rate bond that returns the par value of $1000 at maturity if the yield to maturity is 10.50% ? $1021.55 $777.00 $978.76 $381.04 $1000.00

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