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LMB Inc. recently issued non-callable bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of 5.4%. If

LMB Inc. recently issued non-callable bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of 5.4%. If the current market interest rate is 7.0%, at what price should the bonds sell? $854.27 $879.32 $820.12 $838.11 $903.64

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