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a. 18. A $1,000 par, 6% coupon rate bond with a remaining life of 8 years pays interest semiannually. What is this bond's approximate current

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a. 18. A $1,000 par, 6% coupon rate bond with a remaining life of 8 years pays interest semiannually. What is this bond's approximate current market value if the going rate of interest for similar bonds is 7% (i.e. ra=7%)? $ 879.32 b. $ 939.53 $1,032.04 d. $1,062.81 $1,289.82 c. e

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