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The Bangles Co. issued 12-year 8% annual coupon bonds. In five years, the YTM will be 15%. What will the price be at that time?

The Bangles Co. issued 12-year 8% annual coupon bonds. In five years, the YTM will be 15%. What will the price be at that time? $1026.44 $708.77 $855.45 $604.19 $784.10

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