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Apply the following information: Austin Industries has 15 -year bonds that pay a 7.0% semi-annual coupon. If the market requires a 4.0% return on the

Apply the following information: Austin Industries has 15 -year bonds that pay a 7.0% semi-annual coupon. If the market requires a 4.0% return on the bonds, what is the current price of an Austin bond? $724.12 $1,333.55 $1,000.00 $1335.95

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