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Grossnickle Corporation issued 1 5 - year, noncallable, 9 . 1 % annual coupon bonds at their par value of $ 1 , 0 0
Grossnickle Corporation issued year, noncallable, annual coupon bonds at their par value of $ one year ago. Today, the market interest rate on these bonds is What is the current price of the bonds, given that they now have years to maturity?
a $
b $
c $
d $
e $
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