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1) Tessie Corporation has $1,000 par value bonds outstanding at 11% interest. The bonds will mature in 20 years. Compute the current price of the

1) Tessie Corporation has $1,000 par value bonds outstanding at 11% interest. The bonds will mature in 20 years. Compute the current price of the bonds if the present yield to maturity is: A) 6% B) 8% C) 12%

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