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Calculate the price of a seven-year $1000 bond with a 5% coupon rate and a YTM of 7% with annual coupon payments. $1000 $1050.75 $892.21

Calculate the price of a seven-year $1000 bond with a 5% coupon rate and a YTM of 7% with annual coupon payments.

$1000

$1050.75

$892.21

$950.80

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