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A bond with a coupon rate of 8%, paid semi-annually, and a face value of $1,000 matures in 20 years. If the current annual market

A bond with a coupon rate of 8%, paid semi-annually, and a face value of $1,000 matures in 20 years. If the current annual market interest rate is 8%, what is the bond's market value?

A. $1,000.01

B.$1,791.72

C. $953.97

D. $522.98

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