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You have just purchased a 10 -year, $1,000 par value bond. The coupon rate on this bond is 6%, with interest being paid quarterly. If

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You have just purchased a 10 -year, $1,000 par value bond. The coupon rate on this bond is 6%, with interest being paid quarterly. If you expect a 5% rate of return on this bond, how much did you pay for it? $1,077.32 $2,153.69 $1.078.32 $2,488.03

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