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6. Problem 13-06 eBook Problem 13-06 Your broker offers to sell for $1,135 a AAA-rated bond with a coupon rate of 6 percent and a

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6. Problem 13-06 eBook Problem 13-06 Your broker offers to sell for $1,135 a AAA-rated bond with a coupon rate of 6 percent and a maturity of eight years. Given that the interest rate on comparable debt is 4 percent, calculate the bond's price. Assume that the bond pays interest annually. Use Appendix Band Appendix D to answer the question. Round your answer to the nearest dollar $ Is your broker fairly pricing the bond? -Select so the bond Select M be purchased

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