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Mariott Corporation originally a 9.375% bond in 1987. These $1,000 par value bonds mature in three years. What is the value of a Marriott Corporation

Mariott Corporation originally a 9.375% bond in 1987. These $1,000 par value bonds mature in three years. What is the value of a Marriott Corporation bond at each of the following required rates of return, assuming the investor will hold the bond to maturity? Assume the coupon is paid annually.

A. 7%

B. 9.375%

C.12%

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