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7 years ago an Italian Corporation issued 20-year bonds that had a 1,000 face value, paid interest annually, and had a coupon rate of 7

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7 years ago an Italian Corporation issued 20-year bonds that had a 1,000 face value, paid interest annually, and had a coupon rate of 7 percent. If the market rate of interest is 5.5 percent today, what is the current market price of this bond? O 1,179.26 1,136.76 874.64 841.09

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