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Ryngaert 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

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Ryngaert 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 interest rate is 6.5%, at what price should the bonds sell? a. $836.38 b. $938.49 c. $946.75 d. $969.12 e. $942.49

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