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What is the value of a bond that matures in 17 years, makes an annual coupon of 5%, and has a par value of $1,000?
What is the value of a bond that matures in 17 years, makes an annual coupon of 5%, and has a par value of $1,000? Assume a required rate of return of 5.90%. O $823.48 O $895.23 $905.02 O $856.98
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