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Tempe municipal bonds have 1 2 years remaining to maturity. The bonds pay interest semiannually at an annual coupon rate of 4 . 2 5

Tempe municipal bonds have 12 years remaining to maturity. The bonds pay interest semiannually at an annual coupon rate of 4.25%. The bonds have a yield to maturity of 5%, Calculate the current market price of these bonds.
1039.35
932.93
961.53
933.53
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