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If the current market interest rate is 10%, you would find that the current price of a $1,000 coupon bond with a coupon rate of

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If the current market interest rate is 10%, you would find that the current price of a $1,000 coupon bond with a coupon rate of 6% and a maturity of 2 years to be (Use an annual compounding.) a. $54.54 b. $826.45 c. $930.58 d. $1120.00 e. not calculable

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