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Renfro rentals has issued bonds that have 1 1 % coupon rate payable semi annually the bonds mature in 1 8 years have a face

Renfro rentals has issued bonds that have

11 %

coupon rate payable semi annually the bonds mature in

18

years have a face value of

1000

in a yield to maturity of

11 %

what is the price bond run your answer to the nearest cent

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