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Suppose you are looking at a bond that has a 10% annual coupon and a face value of $1000. There are 20 years to maturity

Suppose you are looking at a bond that has a 10% annual coupon and a face value of $1000. There are 20 years to maturity and the yield to maturity is 8%. What is the price or value of this bond today?

A. 981.81

B. 1,196.36

C. 829.73

D. 1,201.10

E. $1,000

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