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1. USP issues10-year bonds of $1,000 face value, with a coupon (interest payment) of 5.5% ($55). What is the current face value of the bonds

1. USP issues10-year bonds of $1,000 face value, with a coupon (interest payment) of 5.5% ($55). What is the current face value of the bonds if investors believe a yield to maturity should be 7%?

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