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The International Publishing Group is raising $10 million by issuing 15-year bonds with a coupon rate of 10.0 percent. Coupon payments will be made annually.

The International Publishing Group is raising $10 million by issuing 15-year bonds with a coupon rate of 10.0 percent. Coupon payments will be made annually. Investors buying the bonds today will earn a yield to maturity of 10.0 percent. The Face Value of each bond is $1,000. At what price will the bonds sell in the marketplace

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