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Consider a bond with a coupon rate of 8 percent that pays semiannual coupon and matures in eight years. The market rate of return on
Consider a bond with a coupon rate of 8 percent that pays semiannual coupon and matures in eight years. The market rate of return on bonds of this risk is currently 10 percent. What is the current value of a $1,000 face value bond?
$891.62
$830.58
$854.08
$843.07
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