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Mur Corps bonds mature in 8 years, with a par value of $1,000, and an annual coupon rate of 6.5% The market requires an interest

Mur Corps bonds mature in 8 years, with a par value of $1,000, and an annual coupon rate of 6.5% The market requires an interest rate of 9.2% on these bonds. What is the bond's price?

A) 896. 79

B) 872.48

C) 851.66

D)948.76

E)925.62

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