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What is the fair value of a $1000 face value, fixed coupon bond with a coupon rate of 3.7%, yield to maturity of 4.0%, semi-annual

What is the fair value of a $1000 face value, fixed coupon bond with a coupon rate of 3.7%, yield to maturity of 4.0%, semi-annual coupon payments and 8 years to maturity?

A. $887.24

B. 998.03

C. 979.63

D. 968.17

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