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A corporation issued a 3 0 - year bond with a coupon rate of 9 % at a price of $ 8 6 3 .

A corporation issued a 30-year bond with a coupon rate of 9% at a price of $863.77. The corporation wants to issue a similar 30-year bond with a coupon rate of 9%, however coupon payments will be made annually. What price should they expect to receive from the sale of the annual-coupon bond?
$885
$843
$860
$877
$809M
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