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Please solve and show step by step how you got the I/Y and PMT. Phili Manufacturing, Incorporated, bonds have a face value of $1,000, a

Please solve and show step by step how you got the I/Y and PMT.

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Phili Manufacturing, Incorporated, bonds have a face value of $1,000, a coupon rate of 6.5 percent, semiannual interest payments, and mature in 19 years. What is the current price of these bonds if the yield to maturity is 6.65 percent? $972.46 $989.56 $983.95 $1,001.28 $639.17

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