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A bond of Telink Corporation pays $120 in annual interest, with a 1,000 par value The bonds mature in 25 years. The markets required yield
A bond of Telink Corporation pays $120 in annual interest, with a 1,000 par value The bonds mature in 25 years. The markets required yield to maturity on a comparable-risk bond is 9 percent. a.What is the value of the bond of the markets required yield to maturity on a comparable-risk bond is 9 percent? (Round to the nearest cent) b.(I) What the value of the bond if the market's required yield to maturity on a comparable risk bond increases to 14.percent? b(II) What is the value of the bond if the market's required yield to maturity on a comparable risk bond decreases to 4 percent
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