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Current Attempt in Progress What is the fair market value of a bond with the following features: (a) par value of $1000, (b) coupon payment

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Current Attempt in Progress What is the fair market value of a bond with the following features: (a) par value of $1000, (b) coupon payment of $45, and (c) 7-year maturity? Assume that current interest rates are 5% $971.07. C$993.00 $1158.50. $1077.00. Save for Later Attempts: 0 of 1 used Submit

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