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Say we have a bond with the following characteristics: Face Value = $1000 Coupon rate = 7% (paid semiannually) Maturity = 5 years Interest rate

Say we have a bond with the following characteristics: Face Value = $1000 Coupon rate = 7% (paid semiannually) Maturity = 5 years Interest rate = 2% What is the price of the bond? Group of answer choices $1,135.67 $1,236.78 $1,154.74

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