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5. Calculate the price of a 5 percent coupon bond with 12 years left to maturity and a market interest rate of 4 percent. (Assume

5. Calculate the price of a 5 percent coupon bond with 12 years left to maturity and a market interest rate of 4 percent. (Assume interest payments are semiannual and par value is $1,000.) A. B. C. D. $971.33 $1,094.57 $1,191.20 $1,207.25

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