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Please solve ASAP You purchase a 5-year corporate bond which has a coupon rate of 6%, paid annually, and its par value is $1,000. The

Please solve ASAP

You purchase a 5-year corporate bond which has a coupon rate of 6%, paid annually, and its par value is $1,000. The YTM is 4%. What is the price of the bond?

	A.	$1,089.04
	B.	$1,359.30
	C.	$955.48
	D.	$1,224.58

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