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Happy Pet Food Inc has issued a 20-year bond. The face value of the bond is 1,000 . The bond pays an annual coupon yield

Happy Pet Food Inc has issued a 20-year bond. The face value of the bond is 1,000 . The bond pays an annual coupon yield of 7.75%. The current market interest rate for the bond is 8%. Please, find the price for the bond.

1,025.01 $

975.45 $ 1,000 $

983.01 $

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