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A 6.55% coupon rate bond makes annual interest rate payments. Par value is $1,000. The bond matures in 12 years. The required rate of return

A 6.55% coupon rate bond makes annual interest rate payments. Par value is $1,000. The bond matures in 12 years. The required rate of return is 7.55%. What is the current value/price.

a. 855.35

b. 903.37

c. 922.85

d. 975.50

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