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Allie purchased a $1,000 Courtstreet bond that pays 6.3% annually. Six years later, new corporate bond issues with comparable quality are paying 4.6%. What is
Allie purchased a $1,000 Courtstreet bond that pays 6.3% annually. Six years later, new corporate bond issues with comparable quality are paying 4.6%. What is the approximate market value for Allies bond? Multiple Choice $730.16 $1,002.90 $1,000 $63.00 $1,369. 57
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