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A $1,000 par bond with a 5% semi-annual coupon and 12 years to maturity trades at a yield of 8%. What should be the price

A $1,000 par bond with a 5% semi-annual coupon and 12 years to maturity trades at a yield of 8%. What should be the price of this bond? A. $771.30 B. $585.52 C. $420.92 D. 1.152.47

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