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A 5% $5,000 5-year bond is for sale. The dividend is paid quarterly. If you keep the bond to maturity and want to realize a

A 5% $5,000 5-year bond is for sale. The dividend is paid quarterly. If you keep the bond to maturity and want to realize a return of 6% per year compounded quarterly, the most you can pay now for the bond is closest to

Select one:

a. $5000

b. $5150

c. $4000

d. $4785

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