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1 years ago Sbitany has an issue of $1,000 par value bonds with a 14 percent annual coupon interest rate. The issue has ten years

1 years ago Sbitany has an issue of $1,000 par value bonds with a 14 percent annual coupon interest rate. The issue has ten years of maturity. Bonds of similar risk are currently selling to yield a 12 percent rate of return. The current value of each Sbitany's bond is

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