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FlowMole has a bond outstanding with an 8 percent annual coupon rate, a $1,000 face value, 7 years to maturity, and a 6 percent discount
FlowMole has a bond outstanding with an 8 percent annual coupon rate, a $1,000 face value, 7 years to maturity, and a 6 percent discount rate. What is the price of this bond today if coupon payments are made annually?
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