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Consider a $1,000 par value bond issuod by AT &T with 20 yoars loft to maturity and a stated coupon rate of 8.5 percent that

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Consider a $1,000 par value bond issuod by AT \&T with 20 yoars loft to maturity and a stated coupon rate of 8.5 percent 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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