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What is the expected price of the following bond? Par value: $1,000 Years to maturity: 30 years Coupon rate: 8% paid semiannually Beta: 0.1 Assume:

What is the expected price of the following bond?

Par value: $1,000

Years to maturity: 30 years

Coupon rate: 8% paid semiannually

Beta: 0.1

Assume:

Risk-free rate: 4%

Market risk premium: 5%

Select one:

a. $1,590.22

b. $1,582.07

c. $1,566.22

d. $1,573.11

e. $1,552.98

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