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ou are considering buying a 5 year, $1,000 bond with a 3% annual pay coupon and a 4% YTM. What price should this bond sell

ou are considering buying a 5 year, $1,000 bond with a 3% annual pay coupon and a 4% YTM. What price should this bond sell for in the market?

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  • $679.46

  • $295.78

  • $955.48

  • $1,429.25

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