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About what is the price of a 6% coupon, $1,000 par bond, 20 years to maturity if the yield to maturity is 5%? a. $1,179.45

About what is the price of a 6% coupon, $1,000 par bond, 20 years to maturity if the yield to maturity is 5%?

a. $1,179.45

b. $1,124.62

c. $1,000.00

d. $885.37

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