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A company issued bonds with a 20-year maturity, a $1,000 par value, a 110% coupon rate, and semiannual interest payments. 7 years after the bonds

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A company issued bonds with a 20-year maturity, a $1,000 par value, a 110% coupon rate, and semiannual interest payments. 7 years after the bonds were issued, the going rate of interest on bonds such as these changed to 20.0%. At what price would the bonds sell? e $1,607.91 e $449 41 $587 76 $399 23 $1,313.95

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