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You purchase a 5 -year corporate bond. The coupon rate of the bond is 8%, paid semi-annually, and its par value is $1,000. The YTM

You purchase a 5 -year corporate bond. The coupon rate of the bond is 8%, paid semi-annually, and its par value is $1,000. The YTM is 6%. What is the price of the bond? A. $1,085.30 B. $955.47 C. $1,074.25 D. $996.33

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