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Seattle Seafood Company (SSC) has an issue of 5-year, 9% annual coupon bonds outstanding. The bonds, which were originally issued 15 years ago, have a
Seattle Seafood Company (SSC) has an issue of 5-year, 9% annual coupon bonds outstanding. The bonds, which were originally issued 15 years ago, have a face value (FV) of $1,000, a yield-to-majurity (YTM) of 12%, and are noncallable. What is the current market price of SSC's bonds?
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