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5. Consider a bond with a coupon rate of 8 percent that pays interest quarterly and matures in eight years. The market rate of return

5. Consider a bond with a coupon rate of 8 percent that pays interest quarterly and matures in eight years. The market rate of return on bonds of this risk is currently 11 percent. What is the current value of a $1,000 face value bond? Group of answer choices $929.17 None of these is correct $843.07 $841.75

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