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A three-year bond with 12 percent coupon rate and $1,000 face value yields 9 percent. Assuming annual coupon payments, calculate the price of the bond.

A three-year bond with 12 percent coupon rate and $1,000 face value yields 9 percent. Assuming annual coupon payments, calculate the price of the bond. Multiple Choice $853.82 $963.08 $1,000.00 $1,075.94

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