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A firm has a credit rating of Baa. Its $1,000 par value, 5 -year bonds pay a 6,00% coupon. If the current market for Baa-rated debt is 9.00% how much would you be willing to pay for one of these bonds? Select one: a. $88331 b. $828.81 C $1,194,25 d. 51,000,00

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