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What is the fair market value of a bond with the following features: (a) par value of $1000, (b) coupon payment of $85, and (c)

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What is the fair market value of a bond with the following features: (a) par value of $1000, (b) coupon payment of $85, and (c) 10-year maturity? Assume that current interest rates are 8%. O $1110.00. $987.00 O $1000.00. O $1033.55

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