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ABC Corporation issued 20-year, noncallable, 8% coupon bonds that pays coupon payment semi-annually. Par value...

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Finance

ABC Corporation issued 20-year, noncallable, 8% coupon bonds that pays coupon payment semi-annually. Par value is $1,000. Assume market interest rate on these bonds is 5.5%. What is the current price of the bonds?

A. 1300.98

B. 1267.10

C. 1377.27

D. 1271.55

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