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Consider a bond that matures in 10 years. It pays 9% annual coupons and $100 at maturity. If the required annual rate of return on

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Consider a bond that matures in 10 years. It pays 9% annual coupons and $100 at maturity. If the required annual rate of return on the bond is 8%, then (rounded to the nearest cent) the bond will sell today for $93.77 $106.71 $100.00 $131.18 None of the above

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