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9 . The 9 - percent - coupon - rate bonds of the Melbourne Mining Company have exactly 1 5 years remaining to maturity. The
The percentcouponrate bonds of the Melbourne Mining Company have exactly years remaining to maturity. The current market value of one of these $par value bonds is $ Interest is paid semiannually. Melanie Gibson places a nominal annual required rate of return of percent on these bonds. What dollar intrinsic value should Melanie place on one of these bonds assuming semiannual discounting
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