Question: please answer the following question and show detailed work on how you solved it . WILL LIKE AND UPVOTE!!! How much would you be willing

please answer the following question and show detailed work on how you solved it . WILL LIKE AND UPVOTE!!!

How much would you be willing to pay for a $1,000 bond that has a coupon rate of 10%, with 8 years left until maturity, if the current market rate is 12% ? $1,348.47 $1,161.86 $690.03 $900.64

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