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A coupon bond with 6 years to maturity is currently selling at 9% APR with semi-annual compounding. The bond has monthly coupon payments of $12

A coupon bond with 6 years to maturity is currently selling at 9% APR with semi-annual compounding. The bond has monthly coupon payments of $12 and is currently selling at $3,617. 062 What is the face value of this bond?

Select one:

a. $5000

b. $7000

c. $2250

d. $6000

e. $6250

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