Q$32.$ What is the value of a bond that has a par value of $$1,000,$ a coupon rate of $$80($annually$),$ and

matures in $11$ years? Assume a required rate of return of $11\%,$ and round your answer to the nearest

$$10.$

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b $$1000\mathrm{.}00$

$$1,010\mathrm{.}00$

d $$1,021\mathrm{.}00$