What is the price today of bond

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Reference no: EM13944551

What is the price today of a $1,000 bond with a coupon rate of 10 percent and a current yield of 8 percent over 3 years? (round to the nearest whole dollar)

a. $1,000

b. $800

c. $920

d. $1,052

Reference no: EM13944551

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