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A $50,000, level-coupon Eurobond has a 6% coupon and matures in ten years. At what price should the bond sell today if the prevailing interest

A $50,000, level-coupon Eurobond has a 6% coupon and matures in ten years. At what price should the bond sell today if the prevailing interest rate is 8% per annum? Round your answer to the nearest dollar.

		A) $43,290
		B) $29,870
		C) $50,000
		D) $57,360

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