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Calculate the price of a seven-year $1,000 bond with a 5% coupon rate and a yield-to-maturity of 7% with annual coupon payments. Use Excel. a

Calculate the price of a seven-year $1,000 bond with a 5% coupon rate and a yield-to-maturity of 7% with annual coupon payments. Use Excel.

a	$950.80
b	$1,000.00
c	$892.21
d	a value greater than par

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