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Louisiana Instruments, Inc. has a bond issue outstanding that pays a coupon payment of $150 every year (at the end of each year). It has
Louisiana Instruments, Inc. has a bond issue outstanding that pays a coupon payment of $150 every year (at the end of each year). It has a face value (par value) of $1,000 and will mature in three years. Similar bonds are priced to yield 8% per year. What would you expect this bond to sell for? A. $1,180 B. $1,000 C. $840 D. $1124
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