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16 A bond that pays interest semiannually has a coupon rate of 5.02 percent and a current yield of 5.29 percent. The par value is

A bond that pays interest semiannually has a coupon rate of 5.02 percent and a current yield of 5.29 percent. The par value is $1,000. What is the bond's price?

Multiple Choice

$933.14
$1,028.04
$1,053.78
$948.96
$974.48

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