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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
    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