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Two years ago bonds were issued with 1 0 years until maturity, selling at par, and a 7 percent coupon paid annually. If interest rates

Two years ago bonds were issued with 10 years until maturity, selling at par, and a 7 percent coupon paid annually. If interest rates for that grade of bond are currently 8.25 percent, what will be the market price of these bonds?
Question 16 options:
$917.06
$987.50
$928.84
$1,000.00

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