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A Coupon Bond with coupon rate of 5 % pays quarterly. The face value of the bond is $ 1 0 0 0 . The

A Coupon Bond with coupon rate of

5 %

pays quarterly. The face value of the bond is $

1000 .

The bond has a yield to maturity of

10 %

and

5

years to maturity. What is the current price of the bond?

1100

905

805

705

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