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D. J. Masson Inc. recently issued noncallable bonds that mature in 10 years. They have a par value of $1,000 and an annual coupon of
D. J. Masson Inc. recently issued noncallable bonds that mature in 10 years. They have a par value of $1,000 and an annual coupon of 6.5%. If the current market interest rate is 11%, at what price should the bonds sell? PMT(rate, nper, pv, [fv], [type]) O a. 650.17 O b. 734.98 O c. 1,000.00 O d. 845.22 Clear my choice
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