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Trampoline Inc. wants to expand their business. They will issue bonds to fund their expansion. If current required rate of return for investors is 11%,

Trampoline Inc. wants to expand their business. They will issue bonds to fund their expansion. If current required rate of return for investors is 11%, what should the price be for their bonds with a $1000 face value, 15 years to maturity, and a coupon rate of 10.5% paid semi-annually?

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