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A bond pays annual interest. Its coupon rate is 9 % . Its value at maturity is $ 1 , 0 0 0 . It

A bond pays annual interest. Its coupon rate is

9 % .

Its value at maturity is $

1, 000 .

It matures in four years. Its yield to maturity is currently

6 % .

What is the current price of the bond?

903

1000

1104

1120

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