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Your friend recommends that you invest in a three-year bond issued by Trimble Ltd that will pay annual coupons of 10 percent. Similar investments today

Your friend recommends that you invest in a three-year bond issued by Trimble Ltd that will pay annual coupons of 10 percent. Similar investments today will yield 6 percent. How much should you pay for the bond? (Round to the nearest dollar.)

Select one:

A. $1,024B. $979C. $886D. $1,107

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