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The Duke Corporation issued a bond with a $1,000 par value and a coupon rate of 5 percent, which was paid semiannually. If the bond

The Duke Corporation issued a bond with a $1,000 par value and a coupon rate of 5 percent, which was paid semiannually. If the bond has 30 years remaining and the yield to maturity is 8 percent, the bonds value is closest to:

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$661

$670

$668

$681

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