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Henry Corporationhas a $1,000 face value bond outstanding that pays 24 percent annual interest. The current yield to maturity on such bonds in the market

Henry Corporationhas a $1,000 face value bond outstanding that pays 24 percent annual interest. The current yield to maturity on such bonds in the market is 14 percent. Compute the price of the bonds for a maturity period of 41 years.

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