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You are considering investing in an 8% coupon rate bond with a three-year maturity and a face value of $1000. You observe the following prices

You are considering investing in an 8% coupon rate bond with a three-year maturity and a face value of $1000. You observe the following prices for discount, or zero-coupon, bonds with face values of $100: Maturity Price 1 92 2 87 3 82 What is the price of the bond today?

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