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Thirty year B rated bonds of Parker Optical Company were initaially issued at a 1 0 percent yield. After 2 9 years the bonds have

Thirty year B rated bonds of Parker Optical Company were initaially issued at a 10 percent yield. After 29 years the bonds have been upgraded to Aa2. Such bonds are currently yielding 8 percent to maturity. Determine the price of the bonds 1 years remaining to maturity?

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