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Question 46 (2 points) Adams Enterprises has outstanding bonds that were issued 5 years ago with original maturity of 25 years, coupon rate of 7%

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Question 46 (2 points) Adams Enterprises has outstanding bonds that were issued 5 years ago with original maturity of 25 years, coupon rate of 7% paid annually, and par value of $1,000. If interest rates on similar investments are 5%, what is the price of the bonds? $1,249.24 $1,281.88 $788.12 $766.93

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