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A 20-year bond pays 6% annually on a face value of $1000. If similar bonds are currently yielding 4%, what is the market value? A.

A 20-year bond pays 6% annually on a face value of $1000. If similar bonds are currently yielding 4%, what is the market value? A. $1271.40 B. $573.50 C. $770.80 D. Not enough info given

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