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A B C D E F. 1 On January 1, 2019, Company E issues $1 million of 8% coupon bonds due 2 January 1, 2034.

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A B C D E F. 1 On January 1, 2019, Company E issues $1 million of 8% coupon bonds due 2 January 1, 2034. These bonds pay interest semiannually. If the yield to maturity on the bonds is 7%, what is the selling price of the bonds? 3 4 PV of interest payments: 5 6 7 8 PV of maturity amount: 9 10 11 Present price of the bond 12

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