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A security with a yield to maturity of 5.50% maturing is selling at par. What is the price of the 1-year bond? $1,000.00 $ 1,157.6

A security with a yield to maturity of 5.50% maturing is selling at par. What is the price of the 1-year bond?

$1,000.00

$ 1,157.6

$ 1,230.2

$950.40

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