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5. One year ago a corporation issued 20-year, noncallable, 5% annual coupon bonds at their par value of $1,000. Coupon payments are made every six

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5. One year ago a corporation issued 20-year, noncallable, 5% annual coupon bonds at their par value of $1,000. Coupon payments are made every six month. Today, the market interest rate on these bonds is 7.5%. What is the current price of the bonds, given that they now have 19 years to maturity

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