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14. The fair value of a bond with annual coupon payments of $75.00, a par value of $1,100.00, an annual discount rate of 10 percent,

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14. The fair value of a bond with annual coupon payments of $75.00, a par value of $1,100.00, an annual discount rate of 10 percent, and ten years to maturity is: (a) $424.1 (b) $884.94 (c) $924.94 (d) $1,174.1 (e) none of the above

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