Oppenheim Corp bonds were issued 4 years ago. They were originally issued with 20 years...
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Oppenheim Corp bonds were issued 4 years ago. They were originally issued with 20 years to maturity. They have a coupon rate of 7% which is paid semiannually, and a par value of $1000. If the required return on these bonds right now is 6%, compute the price of these bonds.
A) $1,062.81
B) $939.53
C) $1,115.57
D) $1,101.94
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