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ABC corp. has issued 6 percent annual-pay coupon bonds which matures in 8 years. They trade with a yield to maturity of 5.5 percent. What

ABC corp. has issued 6 percent annual-pay coupon bonds which matures in 8 years. They trade with a yield to maturity of 5.5 percent. What is the current bond price closest to?

a) $1032.01

b) $1031.67

c) $968. 95

d) $968.60

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