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5 pts Question 16 A 20-year, $1,000 par value bond has a 7% annual payment coupon. The bond currently sells for $930. If the yield
5 pts Question 16 A 20-year, $1,000 par value bond has a 7% annual payment coupon. The bond currently sells for $930. If the yield to maturity remains at the current rate, what will the price be 10 years from now? Your answer should be between 770.15 and 1,026.90, rounded to 2 decimal places, with no special characters. 5 pts Question 17 Kidder Corporation's balance sheet shows an historical book value for long-term debt (bonds, at par) of $23,500,000. The bonds have an 6.4% coupon rate, payable semiannually, and a par value of 41000 They mature exactly 10 years from today. The yield to maturity is 9.70%, so the bonds now w ithe firm's debt
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