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What is the current dollar price-dufner co

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Reference no: EM132524407

Dufner Co. issued 15-year bonds one year ago at a coupon rate of 7.1 percent. The bonds make semiannual payments.

If the YTM on these bonds is 5.4 percent, what is the current dollar price assuming a par value of $1,000?

Reference no: EM132524407

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