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A 4 . 5 % coupon bond has a face value of $ 1 , 0 0 0 and a current yield of 4 .

A 4.5% coupon bond has a face value of $1,000 and a current yield of 4.75%. What is the current market price?
Multiple Choice
$938.28
$947.37
$950.39
$974.73
$975.18

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