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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 will the bond sell for? Multiple Choice $975.18 $1,08725 $1,111 81 S1.025.32 $975.18 $1,08725 $1,11181 $1,025 32 $1,000.00

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