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7-8.1 BA Corp is issuing a 10-year bond with a coupon rate of 6.25 percent. The interest rate for similar bonds is currently 7.65 percent.

7-8.1

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BA Corp is issuing a 10-year bond with a coupon rate of 6.25 percent. The interest rate for similar bonds is currently 7.65 percent. Assuming annual payments, what is the value of the bond

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