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A pension fund aims to invest a bond with a face value of $1,000 and fixed annual coupon payments of $59.00. If the bond had

A pension fund aims to invest a bond with a face value of $1,000 and fixed annual coupon payments of $59.00. If the bond had 6 years to maturity, how much should the pension fund be willing to pay for the bond if it aims to earn a yield to maturity of 5.7%?

$1,000.98

$1,009.93

$1,118.35

$1,021.19

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