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Grossnickle Corporation issued 15-year, noncallable, 9.9% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these

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Grossnickle Corporation issued 15-year, noncallable, 9.9% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 7.6%. What is the current price of the bonds, given that they now have 14 years to maturity? Oa. $1,201.77 Ob. $1,208.89 Oc. $1,194.10 Od. $1,257.60 Oe. $1,267.77

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