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Question 8 (1.5 points) Five years ago, Grey Ltd issued $1,000 denominations with an original maturity of 13 years and a coupon rate of 12%.

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Question 8 (1.5 points) Five years ago, Grey Ltd issued $1,000 denominations with an original maturity of 13 years and a coupon rate of 12%. Determine the value today of one of these bonds to an investor who requires a 10% rate of return on these securities. $871.53 $863.78 $900.65 $1,142.07 $1,106.70

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