What is the bonds price, ABC Company's bonds mature in 8

What is the bonds price

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Reference no: EM13942932

ABC Company's bonds mature in 8 years, have a par value of $1,000, and make an annual coupon interest payment of $65. The market requires an interest rate of 7.5% on these bonds. What is the bond's price?

1. $941.43

2. $865.13

3. $1,097.69

4. $1,069.79

5. $762.80

Reference no: EM13942932

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