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Three-year bond with 10 percent coupon rate and $1,000 face value yields 8 percent. Assuming annual coupon payments, calculate the price of the bond. Select

Three-year bond with 10 percent coupon rate and $1,000 face value yields 8 percent. Assuming annual coupon payments, calculate the price of the bond. Select one: on a. $1,051.54 O b. $857.96 c. $1,000.00 d. $951.96

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