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Grossnickle Corporation issued 2 0 - year, noncallable, 7 . 0 % annual coupon bonds at their par value of $ 1 , 0 0

Grossnickle Corporation issued $20 -$ year, noncallable, $7.0 %$ annual coupon bonds at their par value of $ $1, 000$ one year ago. Today, the market interest rate on these bonds is $5.0 % .$ What is the current price of the bonds, given that they now have $19$ years to maturity?

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Grossnickle Corporation issued 2 0 - year, noncallable, 7 . 0 % annual coupon bonds at their par value of $ 1 , 0 0

Grossnickle Corporation issued 20-year, noncallable, 7.0% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.0%. What is the current price of the bonds, given that they now have 19 years to maturity?

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Grossnickle Corporation issued $20 -$ year, noncallable, $7.0 %$ annual coupon bonds at their par value of $ $1, 000$ one year ago. Today, the market interest rate on these bonds is $5.0 % .$ What is the current price of the bonds, given that they now have $19$ years to maturity?