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Question 9 Last year a firm issued 20-year, 8% annual coupon bonds at a par value of $1000. Suppose that 1 year after issue

Question 9 Last year a firm issued 20-year, 8% annual coupon bonds at a par value of $1000. Suppose that 1 year after issue the going market interest rate is 10%. What would the price of the bonds be? 1 pts

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