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Kings Motors bonds have 10 years to maturity. Interest is paid annually. The par value is $1,000 and they pay coupon interest of 8%. If

Kings Motors bonds have 10 years to maturity. Interest is paid annually. The par value is $1,000 and they pay coupon interest of 8%. If the yield to maturity on these bonds is 9%, what is the current market price of the bonds?

1,455.28

1,276.95

1,067.10

934.96

$935.82

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