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CompanyZ issued 25-year, noncallable, 9.7% annual coupon bonds at theirpar value of $1,000 five years ago. Today, the market interest rateon these bonds is 5.75%.

CompanyZ issued 25-year, noncallable, 9.7% annual coupon bonds at theirpar value of $1,000 five years ago. Today, the market interest rateon these bonds is 5.75%. What is the current price of theb 2 answers

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