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Ryngaert, inc. recently issued non-callable bonds that mature in 15 years. They have a par value of $1000 an an annual coupon of 5.7%. if

Ryngaert, inc. recently issued non-callable bonds that mature in 15 years. They have a par value of $1000 an an annual coupon of 5.7%. if the current market interest rate is 7%, at what price should the bonds sell?'

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