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Question 6 (3 points) 6) Allied Industrial bonds have a coupon rate of 12% and pay interest annually. The bonds have a par value of
Question 6 (3 points) 6) Allied Industrial bonds have a coupon rate of 12% and pay interest annually. The bonds have a par value of $1,000 and mature in 30 years. If investors require a return of 8% on these bonds. How much should these bonds sell for? 1,271.63 814.56 677.79 1,450.31
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