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Bearcat Corporation is offering bonds to the market with a coupon of 12 percent. The bonds make semiannual navments and currently have a vield to

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Bearcat Corporation is offering bonds to the market with a coupon of 12 percent. The bonds make semiannual navments and currently have a vield to maturity of 8.78 percent. The bonds will mature in 19 years and have a face value of $1,000. What should be the current market price of each bond? $1.295.07 $762.82 $1,204,62 $1.292.62

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