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the answer is circled, just not sure what formula to use to get the answer a 3. How much should you pay for a $1,000

the answer is circled, just not sure what formula to use to get the answer

a 3. How much should you pay for a $1,000 bond with 10% coupon, annual payments, and five years to maturity if the discount rate is 12%? $ 927.90 b) $ 981.40 c) $1,000.00 d) $1,075.82

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