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Question 1 (1 point) Suppose you purchase an annual coupon bond with a $1,000 face...

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Question 1 (1 point) Suppose you purchase an annual coupon bond with a $1,000 face value and 10-year maturity that was originally issued 2 years ago. The coupon rate was 6%. The current interest rate is 8%. Today is the day after the 2nd coupon payment. What is the competitive price of the bond (within $20)? 765 805 845 885 None of the above

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