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3.04 pts Kessen Inc.'s bonds mature in 9 years, have a par value of $1,000, and has an annual coupon rate of 6.50%. The required

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3.04 pts Kessen Inc.'s bonds mature in 9 years, have a par value of $1,000, and has an annual coupon rate of 6.50%. The required rate of return for the bonds is 7.5%. What is the bond's price? $936.21 $948.36 $978.89 O $989.54

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