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4. A Company issued bonds having a face value of $1,000 carrying 7 percent coupon, paying interest semiannually. The time remaining to maturity is 14

4. A Company issued bonds having a face value of $1,000 carrying 7 percent coupon, paying interest semiannually. The time remaining to maturity is 14 years. What is the current price of these bonds if the yield to maturity is 6 percent

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