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A consol bond has a par value of $1,000.00 and a coupon of 4.0%. It pays interest semiannually. The yield to maturity on this bond

A consol bond has a par value of $1,000.00 and a coupon of 4.0%. It pays interest semiannually. The yield to maturity on this bond is currently 5%. The current price of the bond is

(a) $800.00

(b) $1,000.00

(d) $960.00

(e) none of the above

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