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Bonds that mature in 10 years were recently issued by Stern glass Inc. They have a future (or maturity) value of $1,000 (so FV =

Bonds that mature in 10 years were recently issued by Stern glass Inc. They have a future (or maturity) value of $1,000 (so FV = $1,000) and they pay an annual coupon of 5.5% based on FV = $1,000.If the current market interest rate is 7.0% (meaning r = 7%), at what price should the bonds sell?



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