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Jeffries, Inc. has 7 percent coupon bonds with a $1,000 par value on the market that have 22 years left to maturity. The bonds make

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Jeffries, Inc. has 7 percent coupon bonds with a $1,000 par value on the market that have 22 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 5.8 percent, what is the current bond price

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