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Luka Locomotives has semi-annual bonds with 7 years to maturity. The bonds have an annual Yield-to-Maturity of 16%. The annual coupon rate is 14%. If
Luka Locomotives has semi-annual bonds with 7 years to maturity. The bonds have an annual Yield-to-Maturity of 16%. The annual coupon rate is 14%. If the par value is $1,000, what is the current price of the bonds? $917.56$896.43$994.17$1,172.49$1,004.16
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