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Walton Industries issued twenty - five - year 6 % annual coupon bonds five years ago. Since then, interest rates in general have risen and

Walton Industries issued twenty-five-year 6% annual coupon bonds five years ago. Since then, interest rates in general have risen and the YTM on the Walton bonds is now 8%. What price would you expect to pay for a Walton industries bond if you purchased it today?
Question 5 options:
$803.64
$1255.67
$1229.40
$786.50

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