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Wona-tech Solution Company issued 18-year bonds 8 years ago (from today) with 6% coupon rate. The bond makes semiannual payments and has a par value

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Wona-tech Solution Company issued 18-year bonds 8 years ago (from today) with 6% coupon rate. The bond makes semiannual payments and has a par value of $1,000. Since the issuing date the market interest rate has decreased to 4%. What is the PV of the bond today? $1,189.14 $1000 None of the above answers is correct $1,163.51 $748.99

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