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What is the value of a bond that matures in 9 years, has an annual coupon payment of $100, and has a par value of

What is the value of a bond that matures in 9 years, has an annual coupon payment of $100, and has a par value of $1000? Assume a required rate of return of 10%, and round your answer to the nearest $10.

Group of answer choices

$1,000

$900

$940

$1,190

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