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1. A 5 year bond has a YTM of 7% and a coupon rate of 8%. Assuming a par value of $1,000 and semi-annual coupon

1. A 5 year bond has a YTM of 7% and a coupon rate of 8%. Assuming a par value of $1,000 and semi-annual coupon payments, what should this bond be trading for? A. $955.32 B. $1,041.58 C. $1,039.00 D. $1,000.00

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