What is the fair market price of the bond

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JAB Holdings, owner of Panera Bread Restaurants, has a 3-year bond with 2 years left to maturity and a $1000 par value. The current market interest rate (same as the required rate of return) is 4%. If the bond's current market price is $913, what is the fair market price of the bond?

Reference no: EM131950802

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