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The bonds of Microhard, Inc, carry a 10% annual coupon, have a $1,000 face value, and mature in four years. Bonds of equivalent risk yield

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The bonds of Microhard, Inc, carry a 10% annual coupon, have a $1,000 face value, and mature in four years. Bonds of equivalent risk yield 7%. What is the market value of Microhard's bonds? Multiple Choice $1.160.25 O $410162 $1,087.25 $1.095.66 $10 20

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