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You are contemplating purchasing the Xinsu Company 4 1/4% bonds due in 8 years. The bonds are currently trading at a 5.15% yield to maturity.

You are contemplating purchasing the Xinsu Company 4 1/4% bonds due in 8 years. The bonds are currently trading at a 5.15% yield to maturity. To purchase $25,000 in face value, the cost would be closest to: A. $23,539.85. B. $23,554,45. C. $26,512.48.

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