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What is the present value of a coupon bond that matures in two years, has a principal of $1000, and pays coupon payments of $40

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What is the present value of a coupon bond that matures in two years, has a principal of $1000, and pays coupon payments of $40 with a current interest rate of 3% ? a. \$1026.23 b. $1000.00 C. $1019.13 d. $1089.64

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