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What is the market price of a bond ($1,00 par value) that pays a 8% coupon rate of interest (paid annually) and matures in 5

What is the market price of a bond ($1,00 par value) that pays a 8% coupon rate of interest (paid annually) and matures in 5 years if the market rate of interest ( or, the yield to maturity) for the bond is 7%?

$1,600
$1,041
$1,000
$918

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