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Company A has issued 15-year coupon bonds with a face value of $1,000 and a 6.75 percent coupon rate. The bonds pay annually. How much

Company A has issued 15-year coupon bonds with a face value of $1,000 and a 6.75 percent coupon rate. The bonds pay annually. How much would you pay for one of these bonds if you require a 7.5 percent yield to maturity?

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