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Sheel Inc. has 6 percent annual coupon ( compounded semiannually ) bonds on the market with 1 0 years to maturity, and the par value

Sheel Inc. has

6

percent annual coupon

(

compounded semiannually

)

bonds on the market with

10

years to maturity, and the par value of $

1, 000 .

At what price should the bonds be selling for if YTM is

9 % ?

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