The MasterCo. bond has a 9% coupon rate, a maturity value of $1,000, and matures...
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Accounting
The MasterCo. bond has a 9% coupon rate, a maturity value of $1,000, and matures in 8 years. If the bond is priced to yield 7%, what is the bond's current price?
Select one: a. $1,087.76 b. $1,119.43 c. $969.37 d. $537.42
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