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Wachowicz Corporation issued 15-year, non-callable, 7.5% annual coupon bonds at their par value of $1,000. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 14 years to maturity?
A. $1,077.01B. $1,104.62C. $1,132.95D. $1,162.00E. $1,191.79
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Wachowicz Corporation issued 15-year, non-callable, 7.5% annual coupon bonds at their par value of $...
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