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Panhandle Ventures' recently issued bonds that mature in 30 years. They have a par value of $1,000 and an annual coupon of 8%. If the

Panhandle Ventures' recently issued bonds that mature in 30 years. They have a par value of $1,000 and an annual coupon of 8%. If the current market interest rate is 5%, at what price should the bonds sell?

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