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26. Roxy bonds ha ve 14 years to maturity, with a coupon rate of 8%, paid ANNUALLY; if the appropriate discount rate is 9.03% what

26. Roxy bonds ha ve 14 years to maturity, with a coupon rate of 8%, paid ANNUALLY; if the appropriate discount rate is 9.03% what is the current value of Roxy Bonds? a. $1,000. b. $920 c. $1,080 d. $1,800

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