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Continued from previous question: You plan to purchase the bond now and hold it for 5 years. Your required return on this bond is 10%.

Continued from previous question:

You plan to purchase the bond now and hold it for 5 years. Your required return on this bond is 10%. How much would you be willing to pay for this bond today?

Select one:

a. $859

b. $1042

c. $956

d. $875

e. $820

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