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Twenty - five - year B - rated bonds of Parker Optical Company were initially issued at a 1 8 percent yield. After 1 0
Twentyfiveyear Brated bonds of Parker Optical Company were initially issued at a percent yield. After years the bonds have been upgraded to Aa Such bonds are currently yielding percent to maturity.
Determine the price of the bonds with years remaining to maturity.
Price of the bonds:
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