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Find what is the price of the bonds for renfro rentals

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Reference no: EM132954303

Problem 1: Renfro Rentals has issued bonds that have a 7% coupon rate, payable semiannually. The bonds mature in 13 years, have a face value of $1,000, and a yield to maturity of 6.5%. What is the price of the bonds?

Reference no: EM132954303

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