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Calculate the present value of a $ 1 0 0 0 par value bond that has five years until maturity and a coupon rate of

Calculate the present value of a $1000 par value bond that has five years until maturity and a coupon rate of 8 percent, payable semi - annually. New $1000 par value bonds offer a coupon rate of 6 percent.
A. $915.48
B. $1085.20
C. $1045.79
D. $1084.25
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