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Question 18 1 pts Consider a $1,000 par value bond which pays an annual coupon rate of 7% and has 8 years to maturity. Interest

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Question 18 1 pts Consider a $1,000 par value bond which pays an annual coupon rate of 7% and has 8 years to maturity. Interest is paid semi-annually. If the required rate of return is 8% (annually), what is this bond's price? O $911.52 O $1.064.81 None of the above O $941.74 O $942.50

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