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Kevin Rogers is interested in buying a five - year bond that pays an 8 % coupon on a semiannual basis. The current market yield

Kevin Rogers is interested in buying a five-year bond that pays an 8% coupon on a semiannual basis. The current market yield for similar bonds is 4.4%. What should be the current price of this bond? (Round your final answer to the nearest dollar.)
$1,048
$356
$1,356
$1,160
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