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Posted on Aug 29, 2024

Several years ago, Prix issued 8 % bonds at $ 9 8 0 . The bonds currently have a 1 5 % yield to maturity

Several years ago, Prix issued

8 %

bonds at $

980 .

The bonds currently have a

15 %

yield to maturity and have

5

years to maturity. What is the current price of the bonds?

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