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Regatta, Inc., has six-year bonds outstanding that pay a 8.25 percent coupon rate. Investors buying the bond today can expect to earn a yield to

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Regatta, Inc., has six-year bonds outstanding that pay a 8.25 percent coupon rate. Investors buying the bond today can expect to earn a yield to maturity of 7 percent. What should the company's bonds be priced at today? Assume annual coupon payments. (Round to the nearest dollar.) $972 $1,059 $1,014 $923

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