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A company has 7 percent coupon bonds on the market that have 16 years left to maturity. The bonds make annual payments and have a

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A company has 7 percent coupon bonds on the market that have 16 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the YTM on these bonds is 8.2%, what is the current bond price? Select one: a.817.44 b.895.13 c.950.41 d. 1054.49

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