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What is the value of a 1-year bond paying $1000 annual coupons, where the face value of the bond is $10 000 and the required

What is the value of a 1-year bond paying $1000 annual coupons, where the face value of the bond is $10 000 and the required rate of return is 20 per cent per annum?

Select one:

a. $8887

b. $9167

c. $9200

d. $9333

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