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Question 7 (1 point) The State of Florida issued 15-year bonds five years ago at an annual coupon rate of 8%. The current market rate

Question 7 (1 point) The State of Florida issued 15-year bonds five years ago at an annual coupon rate of 8%. The current market rate is 8%. What is the current value of the bond? $1,191.07 None of the answers is correct $1000 $ 497.67 $ 997.21

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