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(A) 23. A corporate bond, paying $65 interest at the end of each year for 6 years, has a face value of $1,000. If market

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(A) 23. A corporate bond, paying $65 interest at the end of each year for 6 years, has a face value of $1,000. If market rates on newly issued corporate bonds are now 7.5%, what is the current market price of this bond? A. $953.06 B. $1,000.00 FV=1000 C. $1,048.41 N=6 D. $936.42 y=7.5 PM=7.51000=75

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