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Which of these best explains the current value of a bond? Multiple choice question. The current value is the present value of the bond's expected

Which of these best explains the current value of a bond?
Multiple choice question.
The current value is the present value of the bond's expected future interest payments discounted at the coupon rate.
The current value equals the par value plus the present value of the bond's expected future interest payments.
The current value is the future value of the bond's cash flows compounded at the market rate of interest.
The current value is the present value of the bond's expected future cash flows discounted at the market rate of interest.

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