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5. Bond valuation. Ponzi Corporation issued 14-year bonds two years ago at a coupon rate of 4. percent. The bonds make quarterly payments and the

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5. Bond valuation. Ponzi Corporation issued 14-year bonds two years ago at a coupon rate of 4. percent. The bonds make quarterly payments and the par value of bonds is 10 000. If the YTM (yield to maturity) on these bonds is 6 percent, what is the current bond price

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