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Let us say you purchased a corporate bond which gives you $ 1 0 0 0 in two years. It also gives coupon payments of

Let us say you purchased a corporate bond which gives you $1000 in two years. It also gives coupon payments of $50 at the end of each year. If the price is the present value of these payments, at an annual interest rate of 5%, what is the price of the bond?
$1100
$1000
$955
None of the given answers are correct
$1050
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