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What is the par value of a corporate bond that was issued with a 9 percent annual coupon, pays $45 in semiannual interest, and is
What is the par value of a corporate bond that was issued with a 9 percent annual coupon, pays $45 in semiannual interest, and is due in 15 years?
A. | $1,080.00 |
B. | $1,167.33 |
C. | $1,070.23 |
D. | $1,000.00 |
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