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A bond has a 6.5 percent annual coupon rate. It will mature in 6 years, and semi- annual coupon payments are made at the end

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A bond has a 6.5 percent annual coupon rate. It will mature in 6 years, and semi- annual coupon payments are made at the end of each year. Present annual yields on similar bonds are 4.5 percent. What should be the current price? $1,142.11 $1,104.15 $971.12 $927.66

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