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Bond Valuation with Semiannual Payments Renfro Rentals has issued bonds that have an 8 % coupon rate, payable semiannually. The bonds mature in 1 5
Bond Valuation with Semiannual Payments
Renfro Rentals has issued bonds that have an coupon rate, payable semiannually. The bonds mature in years, have a face value of $ and a yield to maturity of What is the price of the bonds? Round your answer to the nearest cent.
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