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A company has just issued a 8 year 6.8% coupon bond. The face value of the bond is $1,000 and the bond makes annual coupon

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A company has just issued a 8 year 6.8% coupon bond. The face value of the bond is $1,000 and the bond makes annual coupon payments. If the required return on the bond is 14.9%, what is the bond's price? (to the nearest cent) a. $635.33 b. $628.56 c. $1487.45 d. $329.18

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