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1. ABC Company has 10-year bonds that pay a 6% annual coupon. If the market requires a 5% return on the bonds, what is the
1. ABC Company has 10-year bonds that pay a 6% annual coupon. If the market requires a 5% return on the bonds, what is the current price of the bond?
2. Sharpen Industries has 12-year bonds that pay a 7% semi-annual coupon. If the market requires a 6% return on the bonds, what is the current price of the bond?
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