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A BOND WHICH WILL MATURE IN 8 YEARS HAS A FACE VALUE OF $1,000 & A COUPON RATE OF 7%. IF R = 9%, WHAT

A BOND WHICH WILL MATURE IN 8 YEARS HAS A FACE VALUE OF $1,000 & A COUPON RATE OF 7%. IF R = 9%, WHAT IS ITS CURRENT PRICE?

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