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Company X issued 25-year, noncallable, 5.8% annual coupon bonds at their par value of $1,000 five years ago . Today, the market interest rate on
Company X issued 25-year, noncallable, 5.8% annual coupon bonds at their par value of $1,000 five years ago . Today, the market interest rate on these bonds is 5.75%. What is the current price of the bonds?
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