Fidelity Investment's bonds mature in 7 years, have a par value of $1,000, and make...
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Accounting
Fidelity Investment's bonds mature in 7 years, have a par value of $1,000, and make an annual coupon payment of $70. The market interest rate for the bonds is 8.5%. What is the bond's price?
A $923.22
B $946.30
C $969.96
D $994.21
E $1,019.06
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