What is the present value of a bond paying annual interest payments of ($80,) having a face
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What is the present value of a bond paying annual interest payments of \($80,\) having a face amount of \($1,000,\) and five years remaining to maturity when the market interest return is 8 percent
a. \($945.\)
b. \($1,000.\)
c. \($1,053.\)
d. \($1,107.\)
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