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The AirJet Service Companys bonds have four years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon
The AirJet Service Companys bonds have four years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 9.25%. What is the market value of these bonds today if the yield to maturity is 7%?
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