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How much should you pay for a $1,000 par value bond with 8% coupon, semi-annual interest payments, and 5 years to maturity if the interest

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How much should you pay for a $1,000 par value bond with 8% coupon, semi-annual interest payments, and 5 years to maturity if the interest rate is 6% ? (Note: Semi-annual interest payments) A. \$696.74 B. $1,075.82 C. \$1,082.00 D. $1,085.30

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