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Grossnickle Corporation issued 20-year, noncallable, 8.7% 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, 8.7% annual coupon bonds at their par value of $1.000 one year ago. Today, the market interest rate on these bonds is 6.5%. What is the current price of the bonds, given that they now have 19 years to maturity? 51.242.41 O 651.29687 O 51,236.16 Od:5130472 0524827

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