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17. Triangle bonds' par value is $1,000. The bonds pay $60 in interest every six months and will mature in 10 years. a. Calculate the
17. Triangle bonds' par value is $1,000. The bonds pay $60 in interest every six months and will mature in 10 years.
a. Calculate the price if the yield to maturity on the bonds is 14 percent.
b. Explain the impact on price if the required rate of return decreases.
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