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hello cat coporation has bonds with 2 0 years left until maturity with a 7 % annual coupon and a par value of $ 1

hello cat coporation has bonds with

20

years left until maturity with a

7 %

annual coupon and a par value of $

1000 .

the yield to maturity on these bonds is

8 % .

what is the current price of the bonds?

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