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A bond has a face value of $1000, pays a 10% coupon semiannually, and has 2 years remaining until maturity. The YTM is 8%. What

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A bond has a face value of $1000, pays a 10% coupon semiannually, and has 2 years remaining until maturity. The YTM is 8%. What is the present value of the bond? (Hint: If using Excel, don't forget that the =PV() function is very particular about the sign of the cash flows. The price of the bond should be positive.) O 1035.67 None of the choices are correct O 1036.60 0 1034.48

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