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What is the value (to the nearest cent) of a 5 year 5.5% coupon bond with a face value of $1,000. The yield-to-maturity on the

What is the value (to the nearest cent) of a 5 year 5.5% coupon bond with a face value of $1,000. The yield-to-maturity on the bond is 5.8% and the bond makes semi-annual coupon payments.

a. $987.14

b. $1769.16

c. $987.29

d. $754.35

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