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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 7.2% on these bonds. What is the bond's price?

a) 958.52

b) 925.62

c) 896.79

d)972.48

e) 848.76

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