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47. You want to buy a semiannual bond that has 4 years left before maturity. It has a 6% coupon rate and the market yield

47. You want to buy a semiannual bond that has 4 years left before maturity. It has a 6% coupon rate and the market yield is currently 5.2%. What is the price you are willing to pay?

a.1,253.89

b.1,028.56

c.1,034.13

d.868.95

Please include breakdown

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