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6. Consider a bond issued for $ 1,000 in 2010 by a public company with a maturity date in 2020 at a coupon rate of

6. Consider a bond issued for $ 1,000 in 2010 by a public company with a maturity date in 2020 at a coupon rate of 4.5%. If in 2016, 4 years after maturity, the investors who own these bonds were requiring an 8% rate of return, determine the value of the bond for these investors at the time of claiming these values.

a. $ 1,125.56

b. $ 960.09

c. $ 884.08

d. $ 784.10

e. Cannot be calculated because information is missing

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