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A 7% coupon rate bond makes annual interest rate payments. Par value is $1,000. Yields on bonds with similar risk are 7%, the bond has

A 7% coupon rate bond makes annual interest rate payments. Par value is $1,000. Yields on bonds with similar risk are 7%, the bond has four years to maturity. A. 871.65 B. 972.56 C. 1,000.00 D. 1,154.43

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