Question: Staples has bond issues outstanding with $1000 par value and matures 10 years from today. The market interest rate is 6 percent per year. These

Staples has bond issues outstanding with $1000 par value and matures 10 years from today. The market interest rate is 6 percent per year. These bonds have a coupon rate of 14 percent and interest is paid semi-annually. What is the current market prices of Staples bonds?

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