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Doisneau 22-year bonds have an annual coupon interest of 11 percent, make interest payments on a semiannual basis, and have a $1000 par value. If

Doisneau

22-year bonds have an annual coupon interest of

11 percent, make interest payments on a semiannual basis, and have a $1000

par value. If the bonds are trading with a market's required yield to maturity of

14 percent. What is the price of the bonds?

The price of the bonds is $

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