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Calculate the value of a non-callable 10-year bond with a face value of $1,000 and a coupon rate of 7% compounded semi-annually if you expect

Calculate the value of a non-callable 10-year bond with a face value of $1,000 and a coupon rate of 7% compounded semi-annually if you expect 8% yield on the bond.

A. $932

B. $776

C. $1,344

D. $440

E. $728

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