Question: Devine Divots issued a bond a few years ago that has a face value equal to $1,000 and pays investors $30 interest every year. The

"Devine Divots issued a bond a few years ago that has a face value equal to $1,000 and pays investors $30 interest every year. The bond has eight years remaining until maturity. If you require a 8 percent rate of return to invest in this bond, what is the maximum price you should be willing to pay to purchase the bond?" The bond is currently trading for $800.

Group of answer choices

$712.67

$900.63

$932.65

$870.12

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