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9 pts Question 14 Gertie Restaurants decides to purchase Smith Brothers and needs to finance the acquisition by issuing $100,000,000 of 5.65 percent coupon bonds

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9 pts Question 14 Gertie Restaurants decides to purchase Smith Brothers and needs to finance the acquisition by issuing $100,000,000 of 5.65 percent coupon bonds with semiannual payments and a yield to maturity of 6.94 percent. The bonds will mature in 5 years. What is the market price per bond if the face value is $1,000? $946 28 $947.49 $1.055,51 $964.68 $947.02 O $947.89 $1.000,00

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