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Podalic, Inc., has 7% percent coupon bonds on the market with 16 years left to maturity. The bonds make semi-annual payments and have a par

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Podalic, Inc., has 7% percent coupon bonds on the market with 16 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 8.2 percent, what is the price? Select one: a $894.11 b.$867.69 c.$825.94 d $899.31

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