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Consider a $1,000 par value bond issued by AT&T with 20 years left to maturity and a stated coupon rate of 8.5 percant that pays

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Consider a $1,000 par value bond issued by AT\&T with 20 years left to maturity and a stated coupon rate of 8.5 percant that pays interest on an annual basis. Market's required yield to maturity for similarly rated debt was 7.5 percent. What is the value of the bond? A, $1,101.94 B. $1,221,94 C. $1,333.94 D. $1,445.94 E. $1,665.94

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