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Pacific Inc. issues a bond with a par value of 1 , 0 0 0 , 2 5 years to maturity, and a coupon rate

Pacific Inc. issues a bond with a par value of 1,000,25 years to maturity, and a coupon rate of 6.3 percent paid annually. If the yield to maturity is 7.4 percent, what is the current price of the bond?
$948.70
$1010.41
$50.07
$876.30
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