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A $1,000 par value bond with ten years to maturity has a coupon rate of interest of 10%. If similar bonds are currently yielding 10%,

A $1,000 par value bond with ten years to maturity has a coupon rate of interest of 10%. If similar bonds are currently yielding 10%, what is the market value of the bond? Select one:

A. $1,000

B. $1,128

C. $1,298

D. $2,550

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