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3 Question 7 1 pts Pfizer Inc. is issuing a 10-year bond with a coupon rate of 7 percent. The interest rate for similar bonds

3 Question 7 1 pts Pfizer Inc. is issuing a 10-year bond with a coupon rate of 7 percent. The interest rate for similar bonds is currently 9 percent. Assuming annual payments, what is the present value of the bond? (Do not round intermediate computations. Round your final answer to the nearest dollar.) $872 $1,066 $945 $990

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