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ABC Inc.'s bonds mature in 12years, have a par value of $1,000, make semiannual interest payments,and have a coupon rate of 8%. The market requires

ABC Inc.'s bonds mature in 12years, have a par value of $1,000, make semiannual interest payments,and have a coupon rate of 8%. The market requires an interest rate of 10% on these bonds.What is the bond's price?
A.$1,127.10
B.$862.01
C.$901.68
D.$676.26
E.$775.45

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