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If a bond with a 6% face rate matures 15 years from now, and the current market rate for bonds of this risk is 10%,

If a bond with a 6% face rate matures 15 years from now, and the current market rate for bonds of this risk is 10%, this bond should sell today for:

a. $872.53

b. $695.77

c. $1,086.36

d. $1,124.85

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