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What is the price of a 30 year bond with a $1000 par value? The bond has a 5% coupon rate, pays semi-annual coupons, and

What is the price of a 30 year bond with a $1000 par value? The bond has a 5% coupon rate, pays semi-annual coupons, and has a 8% yield to maturity.

A. $662.27

B. $1,461.17

C. $6,60.65

D. $1,321.30

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