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Coupon rate for a $1000 corporate bond is 8%. This bond is paying coupon semi-annually and will mature in 8 years. If the current market

Coupon rate for a $1000 corporate bond is 8%. This bond is paying coupon semi-annually and will mature in 8 years. If the current market yield for this bond is 9%, what would be the value of this bond? Group of answer choices

$944.65

$584.37

$967.02

$943.83

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