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Jetset Corp has bonds outstanding in the market. Its bonds are $1.000, 25 year bonds with coupon rate 10% paid semiannusty, there are exactly20 years

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Jetset Corp has bonds outstanding in the market. Its bonds are $1.000, 25 year bonds with coupon rate 10% paid semiannusty, there are exactly20 years left to matunty. If the yield in the market for these bonds is 15.50%, what is the current price of the bonds? (4 marks)

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