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3 Five years ago bonds were issued at par with 44 years until maturity and a 8% annual coupon. If interest rates for that grade

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3 Five years ago bonds were issued at par with 44 years until maturity and a 8% annual coupon. If interest rates for that grade of bonds are currently 10%, what will be the market price of these bonds now? 01:12:17 Multiple Choice $1,207.29 $643.89 $965.83 $804.86

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