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Grossnickle Corporation issued 20-year, noncallable, 7.4% 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 20-year, noncallable, 7.4% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.7%. What is the current price of the bonds, given that they now have 19 years to maturity? O a. $1,242.41 O b. $1,205.13 O c. $1,194.22 O d. $1,199.83 O e. $1,249.41

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