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A $1,000 face value bond currently has a yield to maturity of 5.50 percent. The bond matures in 8 years and pays interest annually. The

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A $1,000 face value bond currently has a yield to maturity of 5.50 percent. The bond matures in 8 years and pays interest annually. The coupon rate is 4.50 percent. What is the current price of this bond? $891.54 $936.65 None of the answers is correct $970.11 $1,065.96

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