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Ali Company's BB rated, 20-year bonds make annual interest payments of $120 and currently sell for $725. Katie Company's BB rated, 20-year bonds have a

Ali Company's BB rated, 20-year bonds make annual interest payments of $120 and currently sell for $725. Katie Company's BB rated, 20-year bonds have a 9% coupon rate. Assume both bonds pay interest annually and have par values of $1,000. How much would you pay for Katie Company bonds?

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