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3. A bond with a coupon rate 6% and pays interest semi-annually. The face value of the bond i s $1000. It has six years

3. A bond with a coupon rate 6% and pays interest semi-annually. The face value of the bond i s $1000. It has six years to mature. What is the bond price when the discount rate is 5%? O a. $1050.76 O b. $1051.29 C. $950.23 d. $1034.28 O

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