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Kenny Rogers Roasters has issued a $1000 par, 5.4% coupon bond that matures in 25 years. What is the current price of this bond if
Kenny Rogers Roasters has issued a $1000 par, 5.4% coupon bond that matures in 25 years. What is the current price of this bond if you require a 9.7% return for investing in this security?
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