BunnyBee4899 BunnyBee4899
  • 25-05-2023
  • Business
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Renfro Rentals has issued bonds that have a 10% coupon rate, payable semiannually. The bonds mature in 17 years, have a face value of $1,000, and a yield to maturity of 8.5%. What is the price of the bonds? Round your answer to the nearest cent.

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