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Consider a bond which pays 8% semiannually and has 8 years to maturity. The market requires an interest rate of 8% on bonds of this

Consider a bond which pays 8% semiannually and has 8 years to maturity. The market requires an interest rate of 8% on bonds of this risk. What is this bond's price? (Assume the Face Value of the bond is $1000)

a.$530.58

b.$891.62

c.$893.30

d.$3129.17

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