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On excell: 13) Contrarian Investments Corporation issued 18 percent junk bonds 3 years ago.The bonds have 17 years remaining until they mature.The current market rate

On excell:

13) Contrarian Investments Corporation issued 18 percent junk bonds 3 years ago.The bonds have 17 years remaining until they mature.The current market rate of interest for this type of speculative debt remains at 18 percent.What is the current price of a Contrarian bond?

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