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D.J. Mason Inc. recently issued non callable bonds that mature in 10 years. They have a par value of $1,000 and an annual coupon of
D.J. Mason Inc. recently issued non callable bonds that mature in 10 years. They have a par value of $1,000 and an annual coupon of 5.5 percent. If you require a 7.0% return, what price would you pay for the bonds
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