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What is the value of a bond that matures in 25 years, makes an annual coupon payment of $120, and has a par value of

What is the value of a bond that matures in 25 years, makes an annual coupon payment of $120, and has a par value of $1000? Assume a required rate of return of 9%, and round your answer to the nearest $10.

A.$1,290

B.$1,330

C.$1,250

D.$1,200

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