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2. Martin Rea Inc. has 7.5% coupon bonds on the market that have ten (10) years left to maturity (Par value of $1,000). The bonds

2. Martin Rea Inc. has 7.5% coupon bonds on the market that have ten (10) years left to maturity (Par value of $1,000). The bonds make annual payments. If the Yield to Maturity on the bonds is 8.75%. What is the bond price at this time

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