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A $10,000 bond with a coupon rate of 5% paid annually has five years to maturity and a yield to maturity of 3%. What is

A $10,000 bond with a coupon rate of 5% paid annually has five years to maturity and a yield to maturity of 3%. What is the price of this bond?

1)

$9,771.01

2)

$7,440.94

3)

$9,573.49

4)

$10,915.94

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