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If a bond's maturity is 3 years, with an annual coupon of $10 and the face value is $1000, and assuming the interest rate is

If a bond's maturity is 3 years, with an annual coupon of $10 and the face value is $1000, and assuming the interest rate is 2 percent, which of the following is the bond's price?

a $951.75
b $961.74
c $971.16
d $980.39

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