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6. Suppose Cable Bahamas issued a $1,000 par value bond with a 7.75% coupon, semiannual interest payments, and a 10 year term. Two years after

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6. Suppose Cable Bahamas issued a $1,000 par value bond with a 7.75% coupon, semiannual interest payments, and a 10 year term. Two years after the bonds were issued, the going rate of interest on bonds such as these fell to 6%. At what price will the bonds sell? (3 Points)

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