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A 10-year bond, with a par value equaling $1,000, pays 7% annually. if similar bonds are currently yielding 6% annually, what is the market value

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A 10-year bond, with a par value equaling $1,000, pays 7% annually. if similar bonds are currently yielding 6% annually, what is the market value of the bond? use semi-annual analysis $700.00 $927.50 $1, 074.70 $1, 520.70

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