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1. Maxor Corp, issued 20 Year bonds four years ago at a coupon rate of 5.5%. The bonds make semiannual payments and hav a prar
1. Maxor Corp, issued 20 Year bonds four years ago at a coupon rate of 5.5%. The bonds make semiannual payments and hav a prar value of 1,000. If the YTM on thes bonds is 6 percent what is the current bond price? Please answering by hand and not with excel.
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