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Firm A plans to issue a bond at face value of $1,000, annual coupon rate is 10%, paid semi-annually, 4 years to maturity, interest rate

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Firm A plans to issue a bond at face value of $1,000, annual coupon rate is 10%, paid semi-annually, 4 years to maturity, interest rate (APR) is 16%, what should be the price of the bond? $828 $700 $953 $1,000

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