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Luke Company's bonds mature in 9 years, have a pat value of $1,000, and make an annual coupon interest payment of $85. The market requires

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Luke Company's bonds mature in 9 years, have a pat value of $1,000, and make an annual coupon interest payment of $85. The market requires an interest rate of 7.7% on these bonds. What is the bonds price? a. $865.13 b. $1,046.50 c. $1,069.79 d. $1050.60 e. $762.80

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