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What is the current market price of the bonds

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Reference no: EM131569236

Fresh Food, Inc. sold an issue of 8-year $1,000 par value bonds to the public. The bonds have a 9.07 percent coupon rate and pay interest annually. The current market rate of interest on the Fresh Food, Inc. bonds is 10.99 percent. What is the current market price of the bonds?

Reference no: EM131569236

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