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A 10% debenture pays interest on June 30 and December 31. It is callable at a price of 108 percent together with accrued interest. Suppose

A 10% debenture pays interest on June 30 and December 31. It is callable at a price of 108 percent together with accrued interest. Suppose the company decides to call the bonds on July 30. What price must it pay for each bond?

A. $1,008
B. $1,000
C. $1,088
D. $1,080

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