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How much would an investor expect to pay for a $1,000 par value bond with an 5.90% coupon (paid annually) that matures in 9 years

How much would an investor expect to pay for a $1,000 par value bond with an 5.90% coupon (paid annually) that matures in 9 years if the interest rate is 6.40% ? a. $966.58 b. $875.99 c. $1,034.16 d. $985.51 e. $1,055.22

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