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King Noodles bonds have a 9% coupon rate. Interest is paid quarterly and the bonds have a maturity of 10 years. If the appropriate discount

King Noodles bonds have a 9% coupon rate. Interest is paid quarterly and the bonds have a maturity of 10 years. If the appropriate discount rate is 10% on similar bonds, what is the price of King Noodles bonds?

a. $937.24

b. $938.55

c. $971.27

d. $989.63

e. $991.27

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