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Dhalia Corporation issued $ 1 0 0 million bonds that mature in 3 0 years and have a 5 % coupon rate that is paid

Dhalia Corporation issued $100 million bonds that mature in 30 years and have a 5% coupon rate that is paid annually. If the bonds were sold to yield 3.4%, determine the price of the bonds at the end of year 15. Multiple Choice $126,658,944 $103,202,658 $118,559,603 $105,659,506 $107,244,589

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