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- JIM Corporation issued 1 5 - year semi - annual 1 1 % coupon bonds. If the current yield to maturity is 5 %

-

JIM Corporation issued

15 -

year semi

-

annual

11 %

coupon bonds. If the current yield to maturity is

5 %,

what is the firm's current bond price?

(

=

1000)

.

6, 236

.

2, 636

.

876.23

.

1, 678.71

.

1, 675.47

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