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Lexington's bond has an 8.5% coupon rate, pays interest semiannually, and matures in 15 years. If the investors' annual required rate of return is 10%,

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Lexington's bond has an 8.5% coupon rate, pays interest semiannually, and matures in 15 years. If the investors' annual required rate of return is 10%, the value of the bond is: $923 $885 $1,231 $1,220 $1,156

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