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A bond has 8 years to maturity and pays a $ 5 0 coupon. If current bonds yield 5 % , what is the current

A bond has

8

years to maturity and pays a $

50

coupon. If current bonds yield

5 %,

what is the current value of this bond?

851

1, 000

1, 051

1, 156

1, 502

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