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Georgia Corporation has a $1,000 par value bonds with 10 years remain maturity. The bonds carry a 7.5% coupon that is paid semiannually. If the
Georgia Corporation has a $1,000 par value bonds with 10 years remain maturity. The bonds carry a 7.5% coupon that is paid semiannually. If the current yield to maturity on similar bonds is 8.0%, what is the current value of the bonds?
Question 2 options:
$1125.23
$966.02
$856.15
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