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7.65% coupon bond with par value of $1,000 matures in 8 years and yields 2.80%. Coupon payments are paid semi-annually. What is the bond's price?

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7.65% coupon bond with par value of $1,000 matures in 8 years and yields 2.80%. Coupon payments are paid semi-annually. What is the bond's price? Multiple Choice $1,345 $800 $545 $1,090

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