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Fidelity Investment's bonds mature in 7 years, have a par value of $1,000, and make an annual coupon payment of $70. The market interest rate

Fidelity Investment's bonds mature in 7 years, have a par value of $1,000, and make an annual coupon payment of $70. The market interest rate for the bonds is 8.5%. What is the bond's price?

A $923.22

B $946.30

C $969.96

D $994.21

E $1,019.06

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