Question: A bond has a $1,000 par value, a 17% annual coupon, and matures in 20 years. What is the price of this bond if it

A bond has a $1,000 par value, a 17% annual coupon, and matures in 20 years. What is the price of this bond if it has a yield to maturity of 12%? $719 $1,412 $2,262 $1,373

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A bond has a $1,000 par value, a 17% annual coupon, and matures in 20 years. What is the price of this bond if it has a yield to maturity of 12%? $1,373 $2,262 $719 $1,412

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