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25) Company Democrat bonds have the following terms: they mature in 10 years; they pay semiannual interest of $35; their par value is $1,000. If

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25) Company Democrat bonds have the following terms: they mature in 10 years; they pay semiannual interest of $35; their par value is $1,000. If the (annual) market rate of interest on similar bonds is 4.5% what is the market value of Company Democrat bonds? (round to the nearest dollar) $920.18 $869.92 $1,183.35 \$1:199.55

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