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Kebt Corporation's Class Semi bonds have a 1 2 - year maturity and an 1 0 . 2 5 % coupon paid semiannually, and those
Kebt Corporation's Class Semi bonds have a year maturity and an coupon paid semiannually, and those bonds sell at their $ par value. The firm's Class Ann bonds have the same risk, matu nominal interest rate, and par value, but these bonds pay interest annually. Neither bond is callable. At what price should the annual bond sell?
a $
b $
c $
d $
e $
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