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You purchase a 5-year corporate bond which has a coupon rate of 6%, paid annually, and its par value is $1,000, The YTM is 4%.

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You purchase a 5-year corporate bond which has a coupon rate of 6%, paid annually, and its par value is \$1,000, The YTM is 4%. What is the price of the bond? A. $1,089.04 B. $1,359,30 C. $1,224.58 D. $955.48

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