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A 5% semi-annual coupon bond matures in 16 years. The bond has a par value of $1,000 and a current yield of 6.50%, what is

A 5% semi-annual coupon bond matures in 16 years. The bond has a par value of $1,000 and a current yield of 6.50%, what is the price of the bond today?

$769.23

$800.00

$875.00

$1,028.37

$1,090.91

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