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A 6.5 percent coupon rate bond with semi-annual coupon payments has a face value of $1,000 and a current yield of 3.25 percent. What is

A 6.5 percent coupon rate bond with semi-annual coupon payments has a face value of $1,000 and a current yield of 3.25 percent. What is the current market price?

A) $1000.00

B) $2000.00

C) $20.00

D) $10.00

E) Cannot be determined because the maturity of the bond is not known.

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