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Please help in answering the following question. Question 6 Ryngaert Inc. recently issued noncallable bonds that mature in 15 years. They have a par value

Please help in answering the following question.

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Question 6 Ryngaert Inc. recently issued noncallable bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of 5.7%. If the current market interest rate is 6.8%, at what price should the bonds sell? $844.62 $979.40 $736.80 0 $1,006.36 $898.53

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