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Dooley, Inc., has outstanding $ 1 0 0 million ( par value ) bonds that pay an annual coupon rate of interest of 1 0
Dooley, Inc., has outstanding $ million par value bonds that pay an annual coupon rate of interest of percent. Par value of each bond is $ The bonds are scheduled to mature in years. Because of Dooley's increased risk, investors now require a percent rate of return on bonds of similar quality with years remaining until maturity. The bonds are callable at percent of par at the end of years.What price would the bonds sell for assuming investors do not Expect them to ve called?
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