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1 6 . The value of a 4 - year, 1 0 % annual - pay, $ 1 , 0 0 0 par value bond

16. The value of a 4-year, 10% annual-pay, $1,000 par value bond would be closest to:
A. $844.55
B. $995.89
C. $1,009.16
D. $1,085.62

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