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A $2,300 face value corporate bond with a 5.60 percent coupon (paid semiannually) has 12 years left to maturity. It has had a credit rating

A $2,300 face value corporate bond with a 5.60 percent coupon (paid semiannually) has 12 years left to maturity. It has had a credit rating of BB and a yield to maturity of 7.7 percent. The firm recen...

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