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One year ago, Icy Blue Corporation issued 15 year 3% annual coupon bonds with a $1,000 face value each. If the yield to maturity is
One year ago, Icy Blue Corporation issued 15 year 3% annual coupon bonds with a $1,000 face value each. If the yield to maturity is now 5%, what is the price of the bonds today? $639.17 $792.41 $802.03 $898.94 $1,000.00
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