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B3. Assume Bond A pays an 8% coupon rate, matures in 9 years, and has a face value of $1,000. What is the value of

B3. Assume Bond A pays an 8% coupon rate, matures in 9 years, and has a face value of $1,000. What is the value of bond A assuming that bonds with similar risk are discounted at 10% and interest is paid quarterly.

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