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Question 38 1 pts Ryngaert Inc. recently issued noncallable bonds that mature in 15 years. They have a par value of $1,000 and an annual

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Question 38 1 pts Ryngaert Inc. recently issued noncallable bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of 5.7%. If the current market interest rate is 7.7%, at what price should the bonds sell? 5924.70 $65225 $891.68 $1,015.52 $825.63 Question 41 1 pts Warr Company is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR can be less than the WACC or negative, in both cases it will be rejected. Year 0 1 2 3 Cash flows -$1.415 $400 $400 $400 $400 5.61% 05.00% 5.10% 6.33% 3.98%

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