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Ryngaert Inc. recently issued bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of 5.7%. If the
Ryngaert Inc. recently issued bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of 5.7%. If the current market interest rate is 6.2%, at what price should the bonds sell? a. $952.07 b. $1,037.75 c. $866.38 d. $875.90 e. $942.55
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