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Calculate the value of a $1,000 bond issued with a maturity date four years in the future. Its stated annual coupon rate is 3.88%, and

Calculate the value of a $1,000 bond issued with a maturity date four years in the future. Its stated annual coupon rate is 3.88%, and its required return rate is 2.60%

A. $486.77

B. $1,048.04

C. $318.38

D. $1,000.00

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