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Grand Adventure Properties offers a 6 percent coupon bond with annual payments. The yield to maturity is 4.85 percent and the maturity date is 8

Grand Adventure Properties offers a 6 percent coupon bond with annual payments. The yield to maturity is 4.85 percent and the maturity date is 8 years from today. What is the market price of this bond if the face value is $1,000?

$692.21

$1,074.78

$942.79

$1,088.35

$1,017.57

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