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Today Cossetta Inc., sold an issue of 3 0 - year $ 1 , 0 0 0 bonds at face value. The bonds pay $

Today Cossetta Inc., sold an issue of 30-year $1,000 bonds at face value. The bonds pay $55 interest semiannually. If the current yield to maturity is 11%, the bonds should sell for,
$971.86
$1,000
$1,110.45
$907.31.

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