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A bond was issued at par ( $ 1 , 0 0 0 ) ten years ago. The market rate of interest on the bond

A bond was issued at par ($1,000) ten years ago. The market rate of interest on the bond is 4.5% and the annual coupon rate is 3%. Which of the following can be an estimate of the current bond value?
Group of answer choices
$1,045.00
$1,261.19
$838.91
$0.00
$1,000.00

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