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Question 1 What should be the price of a 40-year bond with a coupon rate of 7.00%, if the current market rate is 9.00%? $784.35

Question 1 What should be the price of a 40-year bond with a coupon rate of 7.00%, if the current market rate is 9.00%? $784.35 $831.41 $752.98 $1,266.63 S713.76

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