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Wayne & Company bonds pay a coupon rate of 8 % . The coupon is paid semiannually. They mature in 1 5 years and have

Wayne & Company bonds pay a coupon rate of 8%. The coupon is paid
semiannually. They mature in 15 years and have a par value of $1,000. At this point, the market rate of interest is 8%. The price of Wayne bonds is:
A) $1,000.
B) $550.
C) $1,445.
D) $6

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