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J&J Manufacturing just issued a bond with a $1.000 face value and a coupon rate of 7%. If the bond has a life of 30

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J&J Manufacturing just issued a bond with a $1.000 face value and a coupon rate of 7%. If the bond has a life of 30 years, pays annual coupons, and the yield to maturity is 6.8%, what is the present value of the bond's face value? Multiple Choice $138.95 $24185 $886 37 $1,000.00 $1,025.32

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