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What is the value of a bond that matures in 17 years, makes an annual coupon payment of $50, and has a par value of $1,000?

What is the value of a bond that matures in 17 years, makes an annual coupon payment of $50, and has a par value of $1,000? Assume a required rate of return of 6%. (Points : 1)
$822.90
$856.29
$895.23
$904.87

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