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A firm has a credit rating of BBB. Its $1,000 par value, 10-year bonds pay an 8% coupon. If the current market for B88-rated debt

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A firm has a credit rating of BBB. Its $1,000 par value, 10-year bonds pay an 8% coupon. If the current market for B88-rated debt is 9.00% how much would you be willng to pay for one of these bonds? Select one: O a. $935.82 O b. $941.51 c. $958.15 d. $1,000.00 e $1,067.10

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