Question: Immediate Effect Ltd's 5.3% (coupon) bond has a face value of $1000, a maturity of 12 years, with semi-annual coupon payments and a yield to

Immediate Effect Ltd's 5.3% (coupon) bond has a face value of $1000, a maturity of 12 years, with semi-annual coupon payments and a yield to maturity of 6.12%. What is the current market price of the bond?

(A)$959.33

(B)$945.08

(C)$931.01

(D)$912.40

(E)$1,072.13

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