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Bond Valuation

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Company's bonds mature in ten years, have a par value of 1,000 and an annual coupon payment of $80 the market interest rate for bonds is 9%. What is the price of these bonds?

A. 935.82
B.941.51
C. 958.15
D. 964.41
E. 979.53

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Solution Summary

The solution explains how to calculate the market price of bonds

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