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Phoenix Fitness has an 8 8 percent quarterly bond outstanding that matures in 15 years. The bond pays interest quarterly. What is the market price

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Phoenix Fitness has an 8 8 percent quarterly bond outstanding that matures in 15 years. The bond pays interest quarterly. What is the market price per bond If the face value is $1.000 and the yield to maturity is 6.4%? Round your response to the nearest cent, le $8.52 Numene Response

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