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

Neptune Corporation's bond has a 10% coupon rate, pays interest semiannually, and matures in 15 years. If the investors' annual required rate of return is 12%, the value of the bond is:

Group of answer choices

$862

$903

$1,231

$1,000

$1,220

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