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ABC Motors' bonds have 14 years remaining to maturity. Interest is paid semi- annually, they have a $1,000 par value, the coupon interest rate

ABC Motors' bonds have 14 years remaining to maturity. Interest is paid semi- annually, they have a $1,000 par value, the coupon interest rate is 7%, and the yield to maturity is 12%. What's the bond current $price? Your Answer: Answer

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