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Supreme Company offers a bond with annual payments and a coupon rate of 5 percent. The yield to maturity is 6.5 percent and the maturity

Supreme Company offers a bond with annual payments and a coupon rate of 5 percent. The yield to maturity is 6.5 percent and the maturity date is 9 years away. What is the market price of one $1,000 face value bond?

$942
$868
$900
$957
$1,009

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