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What is the value of a bond that matures in 5 years, has an annual coupon payment of $110, and a par value of $2,000?

What is the value of a bond that matures in 5 years, has an annual coupon payment of $110, and a par value of $2,000? Assume a required rate of return of 8.69%. A. $1,876.99 B. $938.50 C. $1,891.36 D. $1,749.83

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