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1. You have a 20-year bond with an even value of $ 1,000 paying 6% annually. The market price of the bond is $ 875,

1. You have a 20-year bond with an even value of $ 1,000 paying 6% annually. The market price of the bond is $ 875, and the required rate of return is 10% Explain how you get the Value of the Bond

a. $510.81

b. $148.64

c. $659.45

d. $514

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