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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?
Multiple Choice
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$679.46
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$295.78
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$955.48
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$1,429.25
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