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10-2 Sally Ruth Inc. has outstanding $1,000 par value bonds with an annual coupon interest rate of 8 percent. The bonds will mature in 20

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10-2 Sally Ruth Inc. has outstanding $1,000 par value bonds with an annual coupon interest rate of 8 percent. The bonds will mature in 20 years and interest is paid semi-annually. Compute the current price of the bonds if the yield to maturity is: (a) 5% (b) 8% (c) 10%

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