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What is the present value of a bond that matures in three years with an annual coupon payment of $100, a future value of $1,000,

What is the present value of a bond that matures in three years with an annual coupon payment of $100, a future value of $1,000, I = 15%.

a) $1,201.55

b) $699.98

c) $885.84

d) $624.17

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