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Randolph Inc recently issued noncallable bonds that mature in 10 years. They have a par value of $1,000 and an annual coupon of 5.7%. If

Randolph Inc recently issued noncallable bonds that mature in 10 years. They have a par value of $1,000 and an annual coupon of 5.7%. If the current market rate is 7.7%, at what is the current value of this bonds? $825.63 $1,198.11 $863.96 $1,149.32
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Randolph Ine recently issued noncallable bonds that mature in 10 years. They have a par value of $1,000 and an annual coupon of 5.7%. If the current market rate is 7.7%, at what is the current value of this bonds? $825.63 $1,198,11 $863.96 $1,149.32

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