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A three-year semiannual bond has an 8% coupon rate and a $1,000 face value. If the yield to maturity on the bond is 10%, calculate

A three-year semiannual bond has an 8% coupon rate and a $1,000 face value. If the yield to maturity on the bond is 10%, calculate the price of the bond.

A. $857.96.

B. $949.24.

C. $1,057.54.

D. $1,000.00.

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