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5 years ago, a 15 year maturity, $1,000 par, 10% coupon bond was issued . If the market interest rate is 7%, what is the

5 years ago, a 15 year maturity, $1,000 par, 10% coupon bond was issued . If the market interest rate is 7%, what is the current price of the bond? $1,210.71 $1,000.00 $1,229.40 $1,273.24

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