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A coupon bond which pays interest annually has a par value of $1,000, matures in 8 years, and has a yield to maturity of 8%.

A coupon bond which pays interest annually has a par value of $1,000, matures in 8 years, and has a yield to maturity of 8%. If the coupon rate is 7%, the value of the bond today will be (to the nearest dollar). Select one: a. $942 52 b. 5980 2 1000

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