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AT&T issued a 20-year bond on January 1, 2007 with a coupon rate of 4% and a face value of $1,000. It is now January

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AT&T issued a 20-year bond on January 1, 2007 with a coupon rate of 4% and a face value of $1,000. It is now January 1, 2018 and the bond matures on January 1, 2027. What is the value of one AT&T bond to an investor with a required return of 4.84%? (assume annual coupon payments) A. $732 B. $778 C. $658 D. $940 E. $1.000

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