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Please Show work. 5.J&J Manufacturing issued a bond with a $1,000 par value. The bond has a coupon rate of 6% and makes payments semiannually.

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5.J&J Manufacturing issued a bond with a $1,000 par value. The bond has a coupon rate of 6% and makes payments semiannually. If the bond has 15 years remaining and the annual market interest rate is 7.2%, what will be bond sell for today? A. $1,435.93 B. $789.12 C. $892.07

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