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Cullumber, Inc., has issued eight-year bonds with a coupon rate of 6,055 percent and semiannual coupon payments. The market's required rate of return on such

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Cullumber, Inc., has issued eight-year bonds with a coupon rate of 6,055 percent and semiannual coupon payments. The market's required rate of return on such bonds is 7.950 percent. (a) What is the market price of these bonds? (Round answer to 2 decimal places, es. 15.25.) Market price $ e Textbook and Media Save for Later Attempts: 0 of 2 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above

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