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Question 13 (2 points) The J&R Company's bonds, with 15% coupon rate, mature in 10 years, have a par value of $1,000. The market interest

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Question 13 (2 points) The J&R Company's bonds, with 15% coupon rate, mature in 10 years, have a par value of $1,000. The market interest rate for the bonds is 10%. What is the bond's price? (Hint: semi-annual compounding) 1) $1,311.55 21 $650.06 3) $788.12 4) $945.00 51 51,099.71

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