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Pubs issued bonds 3 years ago to open some additional restaurantsThese bonds pay a 6 . 5 % coupon semi - annually and had a

Pubs issued bonds

3

years ago to open some additional restaurantsThese bonds pay a

6.5 %

coupon semi

-

annually and had a

30

year maturity at issue. If the current required rate of return on bonds of this risk class is

5.4 %

what the price of the Liam's Pubs bonds today?

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