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Party Time, Inc. has an 8% coupon bond that matures in 5 years. The bond pays interest semiannually. What is the market price of a

Party Time, Inc. has an 8% coupon bond that matures in 5 years. The bond pays interest semiannually. What is the market price of a $1,000 face-value bond if the yield to maturity is 7%?

$1,041.00
$1,011.77
$1,041.58
$1,142.86
$1,053.23

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