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On May 1, 2021, you are considering to buy a newly-issued ABC Company bond, which is quoted as ABC 4.2s34 in the WSJ and has

On May 1, 2021, you are considering to buy a newly-issued ABC Company bond, which is quoted as "ABC 4.2s34" in the WSJ and has a par value of $1,000. The company pays coupon interests every 6 months. If you require a 5.1% return on this bond, how much would you pay for this bond? (Hint: Identify annual coupon rate, years to maturity, and yield to maturity to compute the bond price.) Group of answer choices $914.31 $911.55 $916.45 $912.60 $915.22

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