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The bonds of Vandalay Inc. pay annual coupons at the rate of 7%. They mature in 15 years with a face value of $1,000. What

The bonds of Vandalay Inc. pay annual coupons at the rate of 7%. They mature in 15 years with a face value of $1,000. What is their price if their yield is 6%? A.$731.70 B.$908.92 C.$1,000 D.$1,097.12 E.$1,279.83

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