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A coupon bond that pays interest semi-annually has a par value of $1,000, matures in 7 years and has a yield to maturity of 7.5%.

A coupon bond that pays interest semi-annually has a par value of $1,000, matures in 7 years and has a yield to maturity of 7.5%. If the annual coupon rate is 9%, what is the approximate value of the bond today?

A. $856.

B. $1,000.

C. $1,081.

D. $1,083.

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