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Douglas Distributing inc has issued 40-year semiannual coupon bonds with a face value of $1000. if the annual coupon rate is 8% and the current

Douglas Distributing inc has issued 40-year semiannual coupon bonds with a face value of $1000. if the annual coupon rate is 8% and the current yield is 9.5% what is the firm current price per bond?

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