Question: A bond that pays interest semiannually has a coupon rate of 5.44 percent and a current yield of 4.91 percent. The par value is $1,000.

A bond that pays interest semiannually has a coupon rate of 5.44 percent and a current yield of 4.91 percent. The par value is $1,000. What is the bond's price?

Multiple Choice

$1,089.48

$1,200.27

$1,107.94

$902.57

$1,053.97

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