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21 A 12% coupon rate bond makes annual interest rate payments. Par value is $1,000. The bond matures in 12 years. The required rate of

21 A 12% coupon rate bond makes annual interest rate payments. Par value is $1,000. The bond matures in 12 years. The required rate of return is 10%. What is the current price a. $1,064.92 b. $1,148.3...

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