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What is the approximate market value of a $1,000 corporate bond that pays 11 percent interest when comparable bonds are paying 12 percent interest? a.

What is the approximate market value of a $1,000 corporate bond that pays 11 percent interest when comparable bonds are paying 12 percent interest?

a. $120

b. $110

c. $917

d. $1073

e. $1100

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