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corp. has issued 6 percent annual-pay coupon bonds which matures in 8 years. They trade with a yield to maturity of 5.5 percent. What is

corp. has issued 6 percent annual-pay coupon bonds which matures in 8 years. They trade with a yield to maturity of 5.5 percent. What is the current bond price closest to? $968.95 $1,032.01 $968.60 $1,031.67

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