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Nevin Co. bonds have a semiannual bond that matures in 14 years and carries a 4.5% coupon. Bonds of similar quality have a market required

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Nevin Co. bonds have a semiannual bond that matures in 14 years and carries a 4.5% coupon. Bonds of similar quality have a market required return of 4.2%. The face value is $1,000. What is the current price of this bond? $892.43 $1,092.44 $1,031.51 $857.59 $861.70

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