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Three Years ago, Your firm sold $500 million worth of bonds. The bonds had a denomination of $900 with original maturity of 15 years and

Three Years ago, Your firm sold $500 million worth of bonds. The bonds had a denomination of $900 with original maturity of 15 years and a coupon rate of 14%. Determine the value of today of one of these bonds to an investor who requires a 13% rate of return

a. $923.07

b. $953.25

c. 900.00

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