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Windsor House, Inc. issued bonds that mature in 10 years. The par value of the...

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Finance

Windsor House, Inc. issued bonds that mature in 10 years. The par value of the bonds is $1,000. If the current market rate of interest for its peers debt is 9% and the coupon rate is 8% paid semiannually, what is the sale price of Windsor Houses bonds, rounded off to two decimal places

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