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A 9.65% coupon bond with 5 years to maturity yields 6.79%. What is the bond's price one year from today if the yield to maturity

A 9.65% coupon bond with 5 years to maturity yields 6.79%. What is the bond's price one year from today if the yield to maturity is 7.14%? (Assume semiannual interest payments and $1,000 par value)

Multiple Choice

$867

$1,086

$918

$1,220

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