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FINA 5003 Inc. has an 8 percent coupon bonds on the market with 12 years to maturity The bonds make semiannual payments and their current

FINA 5003 Inc. has an 8 percent coupon bonds on the market with 12 years to maturity The bonds make semiannual payments and their current market rate in 7%. What is the price of one of these bonds? $1008 $980 $920 $1080 O $1000

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