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Fresh water, Inc. sold an issue of 12-yr $1000 par value bonds to the public. The bonds have a 7.56 percent coupon rate and pay

Fresh water, Inc. sold an issue of 12-yr $1000 par value bonds to the public. The bonds have a 7.56 percent coupon rate and pay interest annually. The current market rate of interest on the fresh water, inc bonds is 10.15 percent. what is the current market price of the bonds?

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