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Sunland Inc. has seven year boods outstanding that pay a 11 percent coupon rate. Investors buying these bonds today car expect to earn a vield
Sunland Inc. has seven year boods outstanding that pay a 11 percent coupon rate. Investors buying these bonds today car expect to earn a vield to maturity of 6.60 percent. What is the current value of these bonds? Assume annual coupon bavments and face value is $1,000. (Round answer to 2 decimal places, es. 15,25)
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