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Five years ago bonds were issued at par with 33 years until maturity and a 7% annual coupon. If interest rates for that grade of

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Five years ago bonds were issued at par with 33 years until maturity and a 7% annual coupon. If interest rates for that grade of bonds are currently 7%, what will be the market price of these bonds now? Multiple Choice O $800.00 $1,200.00 $1,500.00 O $1,000.00

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