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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 8 years?

a. 1,124.20

b. 1,136.03

c. 1,147.20

d. 1,157.74

e. 1,167.68

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