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A 3-year coupon bond has a face value of $1000 and a coupon rate of 4%. Coupons are paid semi-annually. If yield to maturity of

A 3-year coupon bond has a face value of $1000 and a coupon rate of 4%. Coupons are paid semi-annually. If yield to maturity of the bond is 3%, compounded semi-annually. What is the bond price today?

$1,000

$1,040

$1,120

$980.24

$1,028.49

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