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Blossom, Inc has seven - year bonds outstanding that pay a 1 2 percent coupon rate. investors buying these bonds today can expect to earn

Blossom, Inc has seven-year bonds outstanding that pay a 12 percent coupon rate. investors buying these bonds today can expect to earn a yield to maturity of 7.10 percent. What is the current value of these bonds? assume annual coupon payments and face value is $1,000.

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