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Booker Petroleum Refiners (BPR) has an issue of 8-year, 11% annual coupon bonds outstanding. The bonds, which were originally issued 12 years ago, have a
Booker Petroleum Refiners (BPR) has an issue of 8-year, 11% annual coupon bonds outstanding. The bonds, which were originally issued 12 years ago, have a face value (FV) of $1,000, a yield to maturity (YTM) of 7%, and are noncallable. What is the current market price of BPRs bonds? (Note: Do not round your intermediate calculations.) $1,238.85 $1,548.56 $1,362.74
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