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Ausrin Industries has 20 -year bonds that pay a 12.0% semi-annual coupon. If the market requires a 13.5% return on the bonds, what is the

Ausrin Industries has 20 -year bonds that pay a 12.0% semi-annual coupon. If the market requires a 13.5% return on the bonds, what is the current price of an Ausrin bond? $970.25 $1,112.85 $488.58 $897.04

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