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Path:p Words: QUESTION 3 Public Corporation issued 20-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000 two years ago. Today, the market

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Path:p Words: QUESTION 3 Public Corporation issued 20-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000 two years ago. Today, the market interest rate on these bonds is 5.6%, What is the current price of the bands, given that they now have 18 years to maturity? TT T Arial V 3 (12pt) T. I Words Path: P QUESTION 4 Submit to save and submit. Click Save All Answers to save all answers

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