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Gustav Inc. bonds have a face value of $1,000. The bonds carry a 7 percent...

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Accounting

Gustav Inc. bonds have a face value of $1,000. The bonds carry a 7 percent coupon, pay interest annually, and mature in 13.5 years. What is the current price of these bonds if the yield to maturity is 6.82 percent? Question 11 options: $989.50 $994.56 $1,018.27 $1,015.56

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