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Podalic, Inc., has 5% percent coupon bonds on the market with 14 years left to maturity. The bonds make semi-annual payments and have a par

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Podalic, Inc., has 5% percent coupon bonds on the market with 14 years left to maturity. The bonds make semi-annual payments and have a par value of $1,000. If the bonds have a yield to maturity of 7.1 percent, what is the price? Select one a $815,59 b.$869.50 $895.94 d.S796.31

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