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Krogers bonds mature in 10 years, have a face value of $1,000, and make an annual coupon interest payment of $50. The market requires an

Krogers bonds mature in 10 years, have a face value of $1,000, and make an annual coupon interest payment of $50. The market requires an interest rate of 6% on these bonds. What is the current market price of the bond?

$926.40

$1014.70

$876.30

$850.50

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