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You have a chance to buy a corporate bond. Here are the details: Years until maturity = 1 0 Annual interest income = $ 1

You have a chance to buy a corporate bond. Here are the details:
Years until maturity =10
Annual interest income = $100/year (assume end of the year)
Par value paid to you when the bond matures in 10 years = $1,000
Assume the interest is paid yearly.
Market rates are currently 12% and coupon rate is 10%
What is this bond's value?
Group of answer choices
$228.91
$886.99
$1,132.97
$100.00

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