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1. What is the price of a 5 year bond that has a coupon rate of 7% with each coupon paid semi-annually? The current market

1. What is the price of a 5 year bond that has a coupon rate of 7% with each coupon paid semi-annually? The current market rate (Yield to maturity) is 6%. Assume a par value of $1,000. A. $1,000 B. $1,043 C. $958 D. $901

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