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15. The bonds of Inc. carry a 6% annual coupon, have a $1,000 face value, and mature in 6 years, Market rate is 4%. What

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15. The bonds of Inc. carry a 6% annual coupon, have a $1,000 face value, and mature in 6 years, Market rate is 4%. What is the market value of Tiger's bonds? (bond valuation) 16. Candy and Cookies, Inc. pays a constant annual dividend of $5 per share. How much are you willing to pay for one share if you require a 7 percent rate of return? (constant dividend model)

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