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Suppose that a 3 year coupon bond has a coupon payment of C = 120 , and at the maturity date in 3 years, it

Suppose that a 3 year coupon bond has a coupon payment of C = 120 , and at the maturity date in 3 years, it also makes a face value payout of $1,100.If the interest rate is 8% then this bond has a present value of

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