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1. Consider a bond with a par value of 1,000 paying a coupon rate of 6.8% per year semiannually when the market interest rate is

1. Consider a bond with a par value of 1,000 paying a coupon rate of 6.8% per year semiannually when the market interest rate is only 3% per half year. The bond has 4 years until maturity. What is the bond's price today? A. $965.63 B. $1,028.08 C. $1,035.10 D. $969.43 E. $1,000.00

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