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A $1,000 par value bond has coupon rate of 7% and the coupon is paid semi- annually. The bond matures in 20 years and has

A $1,000 par value bond has coupon rate of 7% and the coupon is paid semi- annually. The bond matures in 20 years and has a required rate of return of 10%. Compute the current price of this bond. $1,011.00 $1,000.00 $ 742.61 $1,199.22 $1.230.57

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