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A company issues an annual - pay bond with the following characteristics: Face value $ 6 7 , 8 3 1 Maturity 4 years Coupon

A company issues an annual-pay bond with the following characteristics:
Face value $67,831
Maturity 4 years
Coupon 7%
Market interest rates 8%
What is the unamortized discount at the end of the first year?
$1,209.
$538.
$1,750.

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