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5 Two years ago bonds were issued at par with 10 years until maturity and a 7% annual coupon. If interest rates 5 for that

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5 Two years ago bonds were issued at par with 10 years until maturity and a 7% annual coupon. If interest rates 5 for that grade ofbond are currently 8.25%, what will be the market price of these bonds? A) $917.06 B) $1,000.00 C) $987.50 D) $928.84

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