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Consider a bond which has a 6% coupon rate (APR), a $1,000 face value, pays coupon payments semi-annually, and has 8 years left until maturity.

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Consider a bond which has a 6% coupon rate (APR), a $1,000 face value, pays coupon payments semi-annually, and has 8 years left until maturity. The market requires an interest rate of 8% (APR) on bonds with this level of risk. What is this bond's price? 5942.50 $1064.81 5883.48 $941.74 5842.67

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