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c. Equal to face value (Chapter 7 - 4 Points) A bond has a face value of $1,000, an annual coupon rate of 10%, a

c. Equal to face value (Chapter 7 - 4 Points) A bond has a face value of $1,000, an annual coupon rate of 10%, a yield to maturity of 7%, and 15 years to maturity. What is the present value of the bond? a. $868 b. $956 C. $1273

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