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A coupon bond which pays interest semi-annually has a par value of $1,000, matures in 8 years, and has a yield to maturity of the

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A coupon bond which pays interest semi-annually has a par value of $1,000, matures in 8 years, and has a yield to maturity of the compound semi-annually. If the coupon rate is 7%, the price of the bond today should be (to the nearest dollar $1,100 $1,063 $1,000 $1,081

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