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What is the Price/Value of a 8-year, $1,000 par bond with a 5% coupon. The market interest rate is 4%. $1,000.00 $916.43 $726.17 $1,067.33

What is the Price/Value of a 8-year, $1,000 par bond with a 5% coupon. The market interest rate is 4%.

$1,000.00

$916.43

$726.17

$1,067.33

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