Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1,000, 9 years to maturity, and a coupon rate of 7 percent paid annuallly. If the yield to maturity is 11 percent, what is the current price of the bond?单项选择题

A

€817.44

B

€1,030.00

C

€778.52

D

€1,264.61

E

$739.59

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