Question: Your answer is incorrect. What is the fair market value of a bond with the following features: (1) par value of $1000, (2) annual coupon

Your answer is incorrect. What is the fair market value of

Your answer is incorrect. What is the fair market value of a bond with the following features: (1) par value of $1000, (2) annual coupon payment of $35, and (3) 9-year maturity? Assume that current interest rates are 4%. $1158.50.$1099.00.$991.00.$962.83.

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