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Solvay Corporation's bonds have a 10-year maturity, a 12% semiannual coupon, and a par value of $1,000. The current market rate is 9%, based

Solvay Corporation's bonds have a 10-year maturity, a 12% semiannual coupon, and a par value of $1,000. The current market rate is 9%, based on semiannual compounding. What is the bond's price? $1,195.12 $1,276.02 $1,192.53 $1,271.81 $1,273.86 Page

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