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Kevin Rogers is interested in buying a six-year bond that pays a coupon of 9 percent on a semiannual basis. The current market rate for

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Kevin Rogers is interested in buying a six-year bond that pays a coupon of 9 percent on a semiannual basis. The current market rate for similar bonds is 7.4 percent What should be the current price of this bond? (Do not round intermediate computations. Round your final answer to the nearest dollar.) O $965 O $1,099 O $1,076 O $982

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