You purchased an annual interest coupon bond one year ago that now has 18 years remaining until maturity.The coupon rate of interest was 11%, and par value was $1,000.At the time you purchased the bond, the yield to maturity was 10%.The amount you paid for this bond one year ago was
A) $1,057.50.
B) $1,075.50.
C) $1,083.65.
D) $1.092.46.
Correct Answer:
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