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A bond with a coupon rate of 8%, paid annually, and a face value of $1,000 matures in 19 years. If the current annual market

A bond with a coupon rate of 8%, paid annually, and a face value of $1,000 matures in 19 years. If the current annual market interest rate is 10%, what is the bond's market value?

A. $1,851.80

B. $1,000.00

C. $832.69

D. $685.54

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