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What is the price of a $1,000 par value bond with 3 years remaining and an annual coupon of $82.50 if the required rate of

What is the price of a $1,000 par value bond with 3 years remaining and an annual coupon of $82.50 if the required rate of return is 8.25%?

None of these answers is correct.

More than $1,000.

Less than $1,000.

$1,000.

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