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1 Bond Valuation and Yield 2 3 A bond has a par value of $1,000, pays $70 semiannually and has a maturity of 15 years.

1 Bond Valuation and Yield 2 3 A bond has a par value of $1,000, pays $70 semiannually and has a maturity of 15 years. 4 5 6 1) If the bond earns 12% per year, what is the price of the bond? 7 8 Rate ...

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