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Meredith Company issued 10-year bonds three years ago at 5% coupon rate. The market interest rate for the bonds is 7.5%. What is the current

Meredith Company issued 10-year bonds three years ago at 5% coupon rate. The market interest rate for the bonds is 7.5%. What is the current bond's price?

a. $832.22

b. $922.07

c. $817.51

d.$1,005.96

e.$826.30

Please explain how to calculate with a financial calculator.

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