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Micro Co.'s 23-year bonds have an annual coupon rate of 8.15%. Each bond has a face value of $1,000 and makes annualinterest payments. If the

Micro Co.'s 23-year bonds have an annual coupon rate of 8.15\%. Each bond has a face value of $1,000 and makes annualinterest payments. If the prevailing interest rate on bonds of similar risk and maturity is 8.25%, what is the current market price of the bonds? $990.48 $1.010.25 $1.062.94 $989.84 $1.007.37

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