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What is the value of a bond that matures in 14 years, has an annual coupon payment of $110, and a par value of $1,000?

What is the value of a bond that matures in 14 years, has an annual coupon payment of $110, and a par value of $1,000? Assume a required rate of return of 8%, and round your answer to the nearest $10.

		A.$1,000
		B.$1,280
		C.$1,330
		D.$1,250

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