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A company's bonds have a face value of $1,000. The bonds carry a 8% coupon, pay interest semiannually, and mature in 7 years. What

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A company's bonds have a face value of $1,000. The bonds carry a 8% coupon, pay interest semiannually, and mature in 7 years. What is the current value of these bonds if the yield to maturity is 6.85%? Your Answer: Answer

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