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A 3%-coupon, $1,000 face-value bond matures in 102 years. What is its current market price if it is sold to provide a return (yield to

A 3%-coupon, $1,000 face-value bond matures in 102 years. What is its current market price if it is sold to provide a return (yield to maturity) of 2.8%?

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$ 999.0

$ 1,000

$ 932.9

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