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On Jan 1, ABC issues a bond with a face value of 1,000, 6% coupon, 3 year term, payable semi-annually each July 1 and Jan

On Jan 1, ABC issues a bond with a face value of 1,000, 6% coupon, 3 year term, payable semi-annually each July 1 and Jan 1. The market requires a 4% return. What is the net book value of the bond reported on the balance sheet at the end of the third year? (rounded to the nearest dollar) 

a. $1,019 

b. $1,000 

c. $956 

d. $1056

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