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What is the value of a 10-year bond outstanding with 7 years left in year-to-maturity 5% annual coupon rate and 7% annual required rate (future
What is the value of a 10-year bond outstanding with 7 years left in year-to-maturity 5% annual coupon rate and 7% annual required rate (future value=$1000.00)?
$1089.54
$799.67
$1121.64
$892.21
None of the above
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