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Tree Corporation issued a bond 14 years ago. The bond, which has a $1,000 face value and a coupon rate equal to 10 percent, matures

Tree Corporation issued a bond 14 years ago. The bond, which has a $1,000 face value and a coupon rate equal to 10 percent, matures in six years. Interest is paid every six months; the next interest payment is scheduled for six months from today. Assuming the yield on similar risk investments is 14 percent, calculate the current market value of the bond.

$841.15

$1,238.28

$904.67

$757.26

$844.45

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