Marin companys bonds mature in 8 years have a par value of


Marin Companys bonds mature in 8 years, have a par value of $1,000, and make an annual coupon interest payment of $65. The market requires an interest rate of 5.65% on these bonds. What is the bonds price. Please round your answer 2 decimal places.

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Financial Management: Marin companys bonds mature in 8 years have a par value of
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