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32.What is the value of a $1,000 face value bond with a 6% annual pay coupon and 20 years left to maturity if the relevant

32.What is the value of a $1,000 face value bond with a 6% annual pay coupon and 20 years left to maturity if the relevant discount rate is 8% per year?

Select one:a. $803.64b. $1,000.00c. $1,128.63d. $927.50e. None of the above

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