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Five years ago bonds were issued at par with 19 years until maturity and a 7% annual coupon. If interest rates for that grad of

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Five years ago bonds were issued at par with 19 years until maturity and a 7% annual coupon. If interest rates for that grad of bonds are currently 8%, what will be the market price of these bonds now? Multiple Choice $1,376.34 $734.05 $917.56 $1,101.07

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