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A 4-year bond with 12% coupon rate and $1000 face value yields 5% APR. Assuming annual coupon payment, calculate the price of the bond. a.

A 4-year bond with 12% coupon rate and $1000 face value yields 5% APR. Assuming annual coupon payment, calculate the price of the bond.

a. $1248.22

b. $1000.00

c. $1153.27

d. $972.80

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