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Suppose that a company decides to issue a coupon bond with a face value of 500 , a coupon payment of of 75 , and

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Suppose that a company decides to issue a coupon bond with a face value of 500 , a coupon payment of of 75 , and a market interest rate of 8%. This bond matures in 4 years, and there is no default risk. Which of the following is closest to the price of this bond? 550 650 500 600

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