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A $1,000 par bond with a 4% semi-annual coupon has 10 years to maturity trades at a yield of 6%. What would be its price?

A $1,000 par bond with a 4% semi-annual coupon has 10 years to maturity trades at a yield of 6%. What would be its price?

  • A. $1,148.77

  • B. $922.58

  • C. $541.20

  • D. $851.23

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