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Due to a 1% increase in market interest rates, calculate the current price of a 5% coupon, 8-year bond sold at $1,000 par value (assume

Due to a 1% increase in market interest rates, calculate the current price of a 5% coupon, 8-year bond sold at $1,000 par value (assume annual payments)

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$1,067.33

$937.90

$1,000

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