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What is the price of a 8 percent bond that matures in 10 years and has a par value of $1,000? Assume a discount rate

What is the price of a 8 percent bond that matures in 10 years and has a par value of $1,000? Assume a discount rate of 6 percent.

$815.66

$1,073.60

$1147.20

$1,000

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