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Sharda bought a $1000 corporate bond this year at a discount for $975. The bond pays $80 of interest at the end of each of

Sharda bought a $1000 corporate bond this year at a discount for $975. The bond pays $80 of interest at the end of each of the next 5 years, at which time it will mature at its face value. If her required rate of return is 8.25%, what is the net present value of the investment?

a. $15.08 b. $13.93 c. -$12.80 d. -$35.23

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