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The price of a ten-year semi-annual pay bond with a par value of $1,000 and a 7 percent annual coupon and yield to maturity of

The price of a ten-year semi-annual pay bond with a par value of $1,000 and a 7 percent annual coupon and yield to maturity of 8.25 percent is closest to:please give step by step solutions!

		915.99
		1051.48
		949.60
		900.23

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