D j masson inc recently issued non-callable bonds that

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Reference no: EM13460073

D. J. Masson Inc. recently issued non-callable bonds that mature in 10 years. They have a par value of $1,000 and an annual coupon of 5.5%. If the current market interest rate is 7.0%, at what price should the bonds sell?

$829.21
$850.47
$872.28
$894.65

Reference no: EM13460073

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