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ABC has issued 12 year maturity, $1000 par value bonds with a coupon rate of 8.99% and semi-annual coupon payments. Similar bonds issued by other
ABC has issued 12 year maturity, $1000 par value bonds with a coupon rate of 8.99% and semi-annual coupon payments. Similar bonds issued by other companies earn an annual return rate of 9.70%. What is the market price of the bonds? a. 950.29 b.1,045.32 c.935.38 d.1,140.35
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