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5. Blue Corp is issuing a 10-year bond with a coupon rate of 3 percent (paid annually) and a face value of $1,000. The interest

5. Blue Corp is issuing a 10-year bond with a coupon rate of 3 percent (paid annually) and a face value of $1,000. The interest rate for similar bonds is currently 7 percent. What should be the price of the bond? a, 719.06 b. 800.01 C. 825.82 d. 891.35

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