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A bond has a 3.8% annual coupon rate. The bond matures in 6 years, and the par value is $1,000. The market rate of interest

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A bond has a 3.8% annual coupon rate. The bond matures in 6 years, and the par value is $1,000. The market rate of interest is 3%. Estimate the bond's price. O $837.50 $869.33 $1,239.43 $1,043.35 Question 12 2 pts How long will it take for your investment of $3,000 to double in value if you can earn 7% APR? between 8 . 9 years between 10 - 11 years between 2-3 years between 16 - 17 years

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