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You are thinking of purchasing one of the Green-Machine Inc. thirty-year bonds that has five years left to maturity, has a coupon rate of 6.20

You are thinking of purchasing one of the Green-Machine Inc. thirty-year bonds that has five years left to maturity, has a coupon rate of 6.20 percent and makes semi-annual payments. If the YTM on these bonds is 6 percent, what is the current bond price?

A) $1,000

B) $1,027.52

C) $509.795

D) $1,048.20

E) $1,008.53

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