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1. Compute the price of the following 8% bonds of City Telecom. a. $100,000 issued at 74.50 b. $100,000 issued at 105.25 c. $100,000 issued

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1. Compute the price of the following 8% bonds of City Telecom. a. $100,000 issued at 74.50 b. $100,000 issued at 105.25 c. $100,000 issued at 94.50 d. $100,000 issued at 102.75 Which bond will City Telecom have to pay the most to retire at maturity? Explain your answer. 2

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