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Compute the price of a bond with 8 years to maturity, a coupon rate of 4.8%, and a market interest rate of 6.5% if the

Compute the price of a bond with 8 years to maturity, a coupon rate of 4.8%, and a market interest rate of 6.5% if the bond pays interest payments semi-annually on the $1,000 par value

. $1,100.00

$940.96

$895.24

$599.52

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