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Quality Production Products Inc. has issued 3 0 - year semiannual coupon bonds with a face value of $ 1 , 0 0 0 the

Quality Production Products Inc. has issued

30 -

year semiannual coupon bonds with a face value of $

1, 000

the coupon rate is

10 %

and the current yield to maturity is

8 %,

what is the firm's current price per bond?

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