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    Finance: Bond Price

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    Wachowicz Corporation issued 15-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000 one year ago. 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?

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    https://brainmass.com/business/bond-valuation/finance-bond-price-304868

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    This solution provides a detailed, step by step explanation of the given bond valuation question.

    $2.19

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