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Musteri Manufacturing Corporation (MMC) has an issue of 8-year, 11% annual coupon bonds outstanding. The bonds, which were originally issued 12 years ago, have a

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Musteri Manufacturing Corporation (MMC) has an issue of 8-year, 11% annual coupon bonds outstanding. The bonds, which were originally issued 12 years ago, have a face value (FV) of $1,000, a yield-to-maturity (YTM) of 7%, and are noncallable. What is the current market price of MMC's bonds? $1, 362.74 $1, 053.02 $1, 238.85 $1, 548.56 Are the bonds of Musteri Manufacturing Corporation selling at a discount, at par, or at a premium? Par Premium Discount What is the current yield on Musteri Manufacturing Corporation's outstanding bonds? 8.88% 8.07% 10.45% 7.10% What is the expected one-year capital gain yield on the bonds of Musteri Manufacturing Corporation? -1.88% -2.21% -1.50% -1.71%

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