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Business, 10.07.2021 19:00 sonnekaustin60

A company issued bonds 8 years ago with original maturity of 25 years, 7.5% coupon rate with semiannual coupon payments, and a par value of $1,000. The current market interest rate is 11.75%. What is the bond's price? a. $718.52

b. $690.22

c. $780.75

d. $890.46

e. $814.97​

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