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After researching several corporations, you have decided to purchase 3 Dollar Tree bonds in the bond market. The bonds will mature in 20 years. The

After researching several corporations, you have decided to purchase 3 Dollar Tree bonds in the bond market. The bonds will mature in 20 years. The have a face value of $1000 each with a coupon rate of 8%. The current interest rate is 6%. What is the current value of each bond?

1229.40 or 803.64 or1981.09 or 1000

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