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Bristol Inc. issues 18-year bonds paying 9.7% annual coupons with a face (par) value of $1,000. What should they be priced at it investors demand

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Bristol Inc. issues 18-year bonds paying 9.7% annual coupons with a face (par) value of $1,000. What should they be priced at it investors demand a 6.7% return for such bonds

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