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10-A firm has some bonds maturing in 10 years. They have a par value of $1,000...

10-A firm has some bonds maturing in 10 years. They have a par value of $1,000 and coupon rate of 5.5% with semi-annual payments. If the current market interest rate is 7.0%, at what price should the bonds sell? What is this bond’s current yield?

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