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An 8% bond with par value of $1,000 and annual coupons is selling at a yield of 6.7%pa. If the bond matures in 3 years,

An 8% bond with par value of $1,000 and annual coupons is selling at a yield of 6.7%pa. If the bond matures in 3 years, the current price of the bond is closest to:

Select one:

A. $1,000.00

B.$1,034.30

C.$1,034.81

D.$1,005.65

Clear my choice

pleas give me the detailed calculations

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