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26. Snow Mountain, Inc. bonds have a face value of $1,000. The bonds carry a 7 percent coupon, pay interest semiannually, and mature in 15

26. Snow Mountain, Inc. bonds have a face value of $1,000. The bonds carry a 7 percent coupon, pay interest semiannually, and mature in 15 years. What is the current price of these bonds if the yield to maturity is 6.8 percent?

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