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Calculate the price of a 6-year semi-annual coupon bond with a face value of $1,000, a nominal coupon rate of 6% and a nominal yield

Calculate the price of a 6-year semi-annual coupon bond with a face value of $1,000, a nominal coupon rate of 6% and a nominal yield to maturity of 7%.

A. $951.68

B. $961.83

C. $1,049.77

D. $1,060.22

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