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9 If a $1000 par value bond has an 8% coupon (annual payments) rate, a 4-year maturity, and similar bonds are yielding 1 1%, what

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9 If a $1000 par value bond has an 8% coupon (annual payments) rate, a 4-year maturity, and similar bonds are yielding 1 1%, what is the price ofthe bond? a. $1,000.00 b. $880.22 c. $906.93 d. $910.39

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