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What is the price of a bond with a par value of $1,000, an 8% coupon rate paid annually, and a yield to maturity of
What is the price of a bond with a par value of $1,000, an 8% coupon rate paid annually, and a yield to maturity of 6% if the bond matures in 10 years?
$1,124.20
$1,136.03
$1,147.20
$1,157.74
$1,167.68
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