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A bond pays an annual coupon at a coupon rate of 8.1% and has 5 years to maturity. If the market discount rate is 5.4%,

A bond pays an annual coupon at a coupon rate of 8.1% and has 5 years to maturity. If the market discount rate is 5.4%, what is the value of the bond (per $100 of face value?

$108.201

$113.331

$114.021

$111.561

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