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Investors require a return of 9 % on Brewer Co bonds. These bonds have a coupon rate of 1 0 % , and pay interest

Investors require a return of

9 %

on Brewer Co bonds. These bonds have a coupon rate of

10 %,

and pay interest semiannually. They mature in

15

years. What would be the price of these bonds per $

1, 000

of face value?

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