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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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