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A $1,000 par value bond, offering a coupon interest rate of 8 percent per year paid semiannually , matures in 25 years .What is the

A$1,000 par valuebond, offering a coupon interest rate of8 percent per year paid semiannually, matures in25 years.What is thebond pricethat corresponds to aYTM = 4 percent?

A $1,628.47

B $1,624.88

C $814.24

D $1,000

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