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Kessen Inc.'s bonds mature in 7 years, have a par value of $1,000, and make an annual coupon payment of $85. The market interest rate

Kessen Inc.'s bonds mature in 7 years, have a par value of $1,000, and make an annual coupon payment of $85. The market interest rate for the bonds is 9%. What is the bond's price? Group of answer choices $1,019.06 $946.30 $974.84 $994.21 $923.22

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