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Company A has a bond outstanding that pays a 7 % coupon. The interest is paid annually, and the bond matures in 1 0 years.

Company A has a bond outstanding that pays a 7% coupon. The interest is paid annually, and the bond matures in 10 years. If the market rate of interest on bonds of similar risk is 8%, what should company As bond be selling for, approximately, one year from today? a$937.53 b$1,000.00 c$936.70 d$1,065.15

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