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Question(s) / Instruction(s):

The Cougar Corporation has issued 20-year semi-annual coupon bonds with a face value of $1,000. If the annual coupon rate is 10% and the current yield to maturity is 12%, what is the firm's current price per bond? 6
A) $850.61
B) $849.54
C) $1,170.27
D) $1,171.59

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