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Suppose you have a bond with 4 years to maturity. The face value of the bond is $1,000 and its coupon rate is 5 percent

Suppose you have a bond with 4 years to maturity. The face value of the bond is $1,000 and its coupon rate is 5 percent (annual payments). When the required yield (YTM) on this bond is 6 percent (compounded annually), what is the current price of the bond?

a. $809.4

b. $844.0

c. $965.3

d. $1,035.5

e. $1044.0

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