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Question 3 Assume a $1,000 face value bond has a coupon rate of 4%, pays interest annually, and has a 3 year life. If investors

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Question 3 Assume a $1,000 face value bond has a coupon rate of 4%, pays interest annually, and has a 3 year life. If investors are willing to accept a 5% return on bonds of similar quality and the same maturity, what is the PV or worth of this bond? 0972.48 1,120 1000 None of the above Stop sharing Hide

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