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A 7 3/5% bond matures in 10 years. Assuming the coupon is paid annually and the par value is $1,000, what is the value of
A 7 3/5% bond matures in 10 years. Assuming the coupon is paid annually and the par value is $1,000, what is the value of this bond to an investor requiring a 9% rate of return? Group of answer choices
A) $895.71
B) $954.05
C) $910.15
D) $848.83
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