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Troyer Corp. $1,000 par value bonds mature in 16 years and pay a coupon of 6.4% on a semiannual basis. If investors require a 11.4%
Troyer Corp. $1,000 par value bonds mature in 16 years and pay a coupon of 6.4% on a semiannual basis. If investors require a 11.4% rate of return on bonds with a similar risk profile, what should the bonds price be? Round 2 decimal places.
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